By InvestAdvocate

Lagos (INVESTADVOCATE)-Cement producer, Ashaka Cement Plc on Monday proposed a dividend of 15 kobo per share to its shareholders.

The company said qualification and closure of register is April 25 and April 26, 2016 respectively.

According to ASHAKACEM, if the proposed 15 kobo per share dividend is approved at its Annual General Meeting (AGM) scheduled to hold May 10, 2016,   payment date will be May 11, 2016.

At the close of today’s session on the domestic bourse, share price of the company declined 9.74 percent to N20.58 from N22.80 traded the previous session; losing N2.22 per share.