Custodian Investment declares final dividend of N2.65bn

By Kayode Tokede

The Board of Directors of Custodian Investment Plc has announced the payment of a final dividend of 45 kobo for every share of 50 kobo held by shareholders, making a total of N2.65 billion to be paid to shareholders for the year ended 2020.

This is according to a disclosure signed by the company’s secretary, Adeyinka Jafojo, which was sent to the Nigerian Stock Exchange.

According to the notification, the accrued final dividend will be disbursed electronically to qualified shareholders on the 22nd of April, 2021, subject to appropriate withholding tax and approval from the Annual General Meeting scheduled the same day.

It is also worth noting that the company had paid an interim dividend of 10kobo for the half-year period of 2020.

Custodian Investment Plc has total shares outstanding of 5,881,864,195 and currently trading at N6.

A total dividend of 55 kobo has been thus declared for FY 2020 (45 kobo+10 kobo interim). In lieu of this, the register of members will be closed from 12th-16th of April 2021 (both dates inclusive).

Custodian Investment Plc had recently posted an impressive financial performance, evident by a surge in key financial metrics for the year ended 2020. For example, it recorded Profit after tax of N12.69 billion for the year, an increase of 111 per cent Year-o-Year (YoY).