By Opeyemi Issa InvestAdvocate

Lagos (INVESTADVOCATE) – Courteville Business Solutions Plc, operating in the Commercial/Services Sector of the Nigerian Stock Exchange (NSE) Thursday notified the NSE that its Board of Directors has resolved to recommend the proposed payment of 5 Kobo dividend to its shareholders in the Audited Period of 2011.

The Firm said this in a Notice to the Nigeria’s Exchange and obtained by www.investadvocateng.com in Lagos Nigeria.

”Courteville Business Solution Plc. has notified The Exchange that its Board has resolved to recommend the payment of 5 kobo dividend to be approved at its Annual General Meeting, scheduled to hold on July 17, 2012” the Notice said.

As earlier reported, Courteville proposed a 5 Kobo dividend to its investors; indicating an 11.11 percent (11.11%) increase in dividend payment of the Company in 2011 end compared to 4.5 Kobo paid in 2010 end.

This is coming on the heels of the Company’s resolve to pay a higher dividend to its shareholders on a Year- On- Year basis (YoY).

A look at the dividend history of the Company since listing on the Floor of the Nigeria’s Exchange in year 2008; shows that the Company paid 0.4 Kobo dividend for years 2009 and 2008 respectively, a dividend of 4.5 Kobo in year 2010 and now its Board has recommended to reward its shareholders with a 5 Kobo dividend in year 2011 end.