By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Chemical and Allied Products Plc (CAP) Monday said it has declared a final dividend of N1.00 per ordinary share of 50 kobo each to shareholders of the company making it a total dividend payout of N2.25 kobo for its 2013 audited year end.

The company in a notice to the Nigerian stock exchange (NSE) said the decision was taken at its board of directors (BOD) meeting held on Thursday, March 20, 2014.

For CAP to retain its dividend payout to investors in the review period, the company in 2012 paid an interim dividend of N1.25 kobo in its third quarter (Q3) and a final dividend of N1.00; making it a N2.25 kobo dividend paid in the company’s 2012 audited year end.

The same thing CAP has done in its 2013 audited year end as the board of directors resolved that further to the interim dividend of 125 kobo paid on November 19, 2013, a final dividend of 100 kobo per ordinary share of 50 kobo each be recommended for payment in 2013 end.

Other decisions taken at the directors meeting is that annual general meeting (AGM) of the company has been scheduled for Thursday, June 19, 2014 in Lagos Nigeria.

CAP said closure of register of members and transfer books of the company will be closed from May 20, 2014 to May 23, 20104 (both dates inclusive) for the purposes of payment of the dividend.

It was also agreed that the approved financial statements for the year ended December 31, 2013 will be uploaded to Nigeria’s Exchange issuer’s portal soon.