By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Integrated agro-industrial firm, Presco Plc on Monday announced a 90 percent drop in dividend payout to investors of the company by offering 10 kobo per share in its 2013 audited year end.

To record the drop in dividend offered to shareholders, the company paid N1.00 dividend in 2012 end compared to the 10 kobo proposed for the 2013 audited period.

However, the integrated agro-industrial company said closure of register for year ended December 31, 2013 is June 07 to June 09, 2014.

It said is annual general meeting has been scheduled for July 22, 2014; while payment date is July 24, 2014.