The shareholders of: BUA Cement Plc: have authorised a complete dividend of N70 billion representing N2.067 per share for the monetary yr 2020.
The choice was taken on the fifth Annual Normal Assembly of the Firm held on Thursday, July 8, 2021. This was seen within the disclosure: signed by the corporate secretary, Ahmed Aliyu, and filed with the Nigerian Trade Group Restricted.
The corporate had in a primary: round: dated Might 5, 2021 introduced a revision in its dividend cost schedule. In keeping with the discover, the corporate has rescheduled its qualifying date from June 9 to June 18.
As well as, the closing of the shareholder register was moved to 21 – 25 June versus an preliminary date of 12 – 16 July. The corporate’s AGA was additionally rescheduled to July 8 in opposition to an preliminary date of July twenty second.
Consequently, a dividend of N2,067 per share has been authorised to be paid to the corporate’s shareholders who at the moment maintain 33,864,354,060 totally paid-up peculiar shares, for a complete of N69.998 billion.
You will need to be aware that the authorised dividend value about N70 billion is eighteen.11% larger than the quantity the corporate paid to its shareholders within the corresponding interval final yr (N59.26 billion: FY 2019). .
BUA Cement Plc said in its audited steadiness sheet for 2020 that its earnings have grown by 19.4% yearly to N72.34 billion, in comparison with final yr’s determine of N60.34 billion. The double-digit progress of revenue mirrored the cement producer’s dedication to effectivity, wonderful value optimization methods, amongst others.