By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Paint manufacturers, Berger Paints Nigeria Plc Friday announced it has proposed a 70 kobo per share dividend to investors of the company.

This is contained a letter dated March 20, 2014 and signed by Pheola Caulcrick & Co, company secretary/legal adviser of Berger Paints to the Nigerian stock exchange (NSE) notifying on the decisions taken at the meeting of the board of directors (BOD) of the company.

Part of the decisions reached at the meeting was that a dividend of 70 kobo per share would be recommended for approval at the company’s forthcoming annual general meeting (AGM).

Also, the paint makers notified the NSE that its 2013 audited financial statements were approved by its board and a profit declared.

According to Berger Paints the register of members would be closed from 2nd June to 6th June, 2014 (both days inclusive).

While, the AGM date has been scheduled to hold on 17 July, 2014 at Abora and Mazonia Suites, Eko Hotel and Suites, 1415 Adetokunbo Ademola Street, Victoria Island, Lagos.

The company said the next meeting of the board would hold on the April 24, 2014.

To retain its dividend payment at 70 kobo, Berger Paints paid a dividend of 70 kobo per share for its 2012 audited year end.