Guinness Nigeria declares N1.01bn final dividend

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By Kayode Tokede

Guinness Nigeria Plc has declared a final dividend of N0.46k per 50 kobo ordinary share, which amounts to N1.01 billion for the financial period ended June 30, 2021.

This is according to a notice signed by the company’s secretary, Rotimi Odusola, filed with the Nigerian Exchange Limited (NGX).

It is pertinent to note that the final dividend of 46 kobo per share which is subject to appropriate withholding tax and approval will be paid on all of the company’s 2,190,382,819 outstanding shares. This puts the total amount to be disbursed as final dividends N1, 007,576,096.74.

Consequently, on October 20th, 2021, the dividend will be paid electronically to the shareholders whose names appear in the Register of Members as at the close of business on September 28, 2021.

To facilitate and expedite the payment process, the Company’s Register of Shareholders will be closed from 29th of September to 4th of October, 2021. In addition, the company will be hosting its Annual General Meeting in Lagos on 19th of October 2021, to approve the disbursement and discuss other pertinent issues.

To qualify for participation, shareholders are urged to ensure that their names appear on the Company’s Register of Members as at the aforementioned date and ensure that they complete the e-dividend registration form. They are also expected to mandate the Registrar (Veritas Registrars Limited) to pay their dividends directly into their bank accounts.

Guinness Nigeria had earlier recorded a 110 per cent surge in its bottom line to N1.26 billion for the 2020 FY Period.

Other key financial metrics also recorded a double digit growth, such as top line which grew by 54per cent YoY to N160.42 billion and earnings per share (EPS) which printed 57 kobo, advancing by 110per cent YoY.

Based on its impressive performance for the period, a dividend of 46 kobo per share, totalling over N1 billion was declared for the period. Guinness Nigeria closed trading on Monday at N30 per share.