By Peter OBIORA InvestAdvocate
Lagos (INVESTADVOCATE)-Brewing Giant, Nigerian Breweries Plc has paid a total of N157, 844,948,020 dividend to shareholders of the Company in the last 13 years.
A check by www.investadvocateng.com shows that between 1999 to 2011the amount has been paid by the Company as dividend to its investors.
A dividend overview of Nigerian Breweries as contained in its 2011 Annual Report and Accounts made available to www.investadvocateng.com shows a breakdown of the dividend regime of the Brewing Giants.
Year | Dividend No. | Dividend N’000 | Dividend per share (Kobo) | Date approved |
1999 | 77 | 2, 287,500 | 150 | June 28, 2000 |
2000 | 78 | 2,985,330 | 158 | June 20, 2001 |
2001 | 79 | 4,253,827 | 225 | June 27, 2002 |
2002 | 80 | 7,940,528 | 210 | June 25, 2003 |
2003 | 81 | 4,159,409 | 110 | June 30, 2004 |
2004 | 82 | 3,025,025 | 40 | July 06, 2005 |
2005 | 83 (Interim) | 2,890,641 | 25 | Nov’ 23, 2005 |
2005 | 84 | 6,050,050 | 80 | May 03 2006 |
2006 | 85 (Interim) | 3,025,025 | 40 | Oct’ 03 2006 |
2006 | 86 | 7,865,064 | 104 | May 23, 2007 |
2007 | 87 (Interim) | 4,159,409 | 55 | Sept’ 19, 2007 |
2007 | 88 | 14,746,997 | 195 | May 28, 2008 |
2008 | 89 (Interim) | 7,562,752 | 100 | Sept’ 16, 2008 |
2008 | 90 (Interim) | 14,368,868 | 190 | Dec’ 04, 2008 |
2009 | 91 | 3,781,281 | 50 | May 20, 2009 |
2009 | 92 (Interim) | 9,831,331 | 130 | May 20, 2009 |
2010 | 93 (Interim) | 11,343,844 | 150 | Jan’ 13, 2010 |
2010 | 94 | 6,730,680 | 89 | May 19, 2010 |
2010 | 95 (Interim) | 8,696,497 | 115 | May 19, 2010 |
2010 | 96 | 9,453,203 | 125 | May 19, 2010 |
2011 | 97 | 22,687,020 | 300 | yet to be approved |
No of Yrs 13 |
| 157,844,948,020 |
|
|
Source: NB Plc 2011 Annual Report
As earlier reported by www.investadvocateng.com, the N3.00 dividend offered to Shareholders of Nigerian Breweries is a 25 percent (25%) increase for the 2011 Financial Year End (FYE).
To achieve the 25% increase in dividend payout to investors, the Company 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.
However, the Firm has said that some dividends arising from the list above have remained unclaimed as per the Company’s records, similarly, a number of share certificates have been returned to Nigerian Breweries as unclaimed; because the addresses on them could not be traced or the shareholders did not collect them from the Post Office in good time.
A review of the 2011 Audited Year End showed an increased in Profit 0f 25.4%, to achieve this, the Company recorded a Profit After Tax (PAT) of N38.025 billion in year 2011 end compared to N30.332 billion in year 2010.
Profit Before Tax (PBT) also grew from N44.880 billion in year 2010 end to N56.372 billion in the Audited Year Ended December 31 2011 indicating a growth of 25.6%.
While Turnover also increased from N185.862 billion in year 2010 end compared to N230.123 billion in year 2011 end; representing an increase of 23.8% in the review period.
