Julius Berger Nigeria Plc, one of Nigeria’s leading construction service providers, has offered a cumulative final dividend of N634 million to the company’s shareholders for the year ending December 31, 2020.
The company’s Board of Directors announced this in a notice posted on the Nigerian Stock Exchange’s website, noting that a dividend of 40 kobo per share would be paid on all 1,584,000,000 ordinary shares sold by the company.
Furthermore Shareholders would receive a bonus of 1 (one) new share for every 99 (ninety-nine) current shares owned in the company, in addition to the cash dividend of 40 kobo per share.
However, to be eligible for the dividend, you must meet certain criteria.
- Only shareholders whose names appear in the Register of Members from May 28, 2021 at the close of business will be considered.
- Qualifying shareholders must have completed the e-dividend registration process and demanded that their dividends be paid directly into their bank accounts by the Registrar (GTL Registrars).
- To allow the registrar to process shareholders’ dividends, the Register of Shareholders will be closed from May 31st to June 2nd, 2021, for the purpose of dividend payment.
According to reports, last year, the dividend and bonus issue was announced.
Julius Berger Plc had paid a dividend of N2.00 per share for all of the company’s issued stock last year. This is five times the dividend that the firm expects to pay this year for any of its issued shares.
In addition to the cash dividend, the company proposed one new ordinary share for every five current ordinary shares owned by company owners in 2019.
Julius Berger Plc shares are reportedly worth N20 per share as of the trading close on April 1st, 2021.
The dividend yield on the company’s shares is currently set at 2% the price. The market capitalization of the firm is expected to be around N31.7 billion.