By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Oil marketing firm, Conoil Plc on Wednesday announced an increase of 300 percent in dividend payout to investors as its has proposed a N4.00 per share dividend in its 2013 audited year end.

To up the dividend in the review period, the oil marketer had in 2012 audited year end paid N1.00 compared to N4.00 per share proposed in the same period of 2013.

The company said closure date is August 26 to 29, 2014, will its annual general meeting (AGM) date has been scheduled for September 26, 2014 and payment date October 06, 2014.