NNF Mills to pay N0.15 kobo interim dividend

By Kayode Tokede

Northern Nigeria Flour Mills Plc has announced that it will pay an interim dividend of 15 kobo per ordinary share to its shareholders.

The payment which is subject to appropriate withholding tax and approval will be paid to shareholders, whose names appear in the Register of Members as at close of business on 24th of August, 2021.

The dividend payment is for the period ended June 30, 2021.

In a statement signed by the company’s secretary, Theophilus Ogwuche, the milling firm disclosed that on 10th of September, 2021, dividends will be paid electronically to shareholders whose names appear on the Register of Members as at 24th of August, 2021, and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.

Additionally, the milling firm revealed that the Register of Shareholders will be closed from 25th of August to 27th of August, 2021.

The dividend payment is coming on the back of an impressive Q1, 2021 financial results posted by the firm.

In its recently released first quarter results for the period ended June 30, 2021, the firm posted a 21per cent increase in profit after tax to N82.0 million. Earnings per share also printed at 46 kobo during the aforementioned period.