NASCON to distribute N1.06bn dividend to shareholders

Shareholders of NASCON Allied Industries Plc have approved a total dividend of N1.06 billion declared by the company for the financial year ended Dec. 31, 2020.
The shareholders unanimously gave the approval at the company’s Annual General Meeting on Friday in Lagos.
The dividend translated to 40k per share to be paid to qualified shareholders on May 31.
Speaking at the meeting, the National Coordinator, Pragmatic Shareholders Association of Nigeria, Mrs Bisi Bakare, lauded the company for sustaining dividend payment in spite of the COVID-19 pandemic.
Bakare said the company’s performance during the year under review was better than 2019, despite the challenging environment occasioned by the pandemic.
She urged the board and management to sustain the growth path for enhanced returns to all stakeholders.
Also speaking, the founder, Independent Shareholders Association of Nigeria, Mr Sunny Nwosu, commended the board for the consistency in dividend payout.
Nwosu, however, urged the company to improve on the dividend in the years ahead……..TO CONTINUE READING CLICK ON

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