By Christopher Nnanta InvestAdvocate
Lagos (INVESTADVOCATE) – Brewing Giants, Nigerian Breweries Plc (NB) Thursday announced it has increased dividend payment to investors of the Company by 25 percent (25%) in the 2011 Financial Year End (FYE).
This is contained in the Corporate Action of the Brewing Company to the Nigerian Stock Exchange (NSE) and obtained by www.investadvocateng.com in Lagos Nigeria.
To achieve the 25% increase in dividend payout to Investors, Nigerian Breweries in year 2010 end paid a total dividend of N2.40 Kobo compared to the proposed N3.00 for year 2011 end.
The proposed N3.00 dividend payout indicates a yield of 36% based on the current price of N98.00 Kobo in the review period.
Nigerian Breweries in the Corporate Action notified shareholders of the Company that the date of closure of register is 15th – 21st of March, 2012 while payment date is 17th of May, 2012.
The company’s Annual General Meeting is scheduled to take place on 16th of May, 2012 at the Muson Centre, Onikan, Lagos Nigeria.
However, the Company has informed The Exchange that it will forward the Full Audited 2011 Financial Statement immediately it is received from their Auditors.
