Monday, May 17African Business News
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NB declares N7.51 billion total dividend in 2020

NB declares N7.51 billion total dividend in 2020

Business
Nigerian Breweries (NB) Plc has announced a final dividend of N5.51 billion, translating to 69 kobo per share, bringing the total dividend declared in 2020 to N7.51 billion. The company had in October 2020 declared an interim dividend of 25 kobo per share. Reviewing its 2020 performance at the pre-yearly general meeting of the company held in Lagos, the Managing Director, Jordi Borrut Bell, said the company provided an option for shareholders to receive new shares instead of the cash dividend. Borrut Bel said the dividend would be paid to shareholders whose names appear in the register of members as at the close of business on March 10, 2021, while the payment is due for April 23, 2021. According to him, the share option would allow shareholders to plough the money back into ...