FBN Holdings shareholders endorse N13.64bn dividend in 2019
April 27, 2020
Shareholders of FBN Holdings Plc on Monday approved a total dividend of N13.64 billion declared by the company for the financial year ended Dec. 31, 2019.
The shareholders gave the approval at the company’s eighth Annual General Meeting (AGM) by proxy monitored live on You Tube by the News Agency of Nigeria (NAN) in Lagos.
NAN reports that the dividend translated to 38k per share, compared with 26k paid in the comparative period of 2018.
Speaking at the meeting, a shareholder, Mr Matthew Akinlade, commended the company for the dividend and impressive results achieved in 2019 in spite of challenging business environment.
Akinlade said that the company’s operating indices showed that a lot of progress was recorded in 2019.
“Looking at the various indices, it shows the company has made a lot of progress in 2019 in spite of difficulties encountered during the period,” he said.
Akinlade said shareholders were very happy with enhanced dividend declared by the company during the period, urging that it should be improved upon in the years ahead.
Mr Sunny Nwosu, Founder, Independent Shareholders Association of Nigeria ((ISAN), said the dividend approved was well appreciated by the shareholders.
Nwosu, who described the dividend as good thinking, good product, called on the board and management of the company to ensure enhanced performance in future.
Source:https://thenationonlineng.net/fbn-holdings-shareholders-endorse-n13-64bn-dividend-in-2019/
April 27, 2020
Shareholders of FBN Holdings Plc on Monday approved a total dividend of N13.64 billion declared by the company for the financial year ended Dec. 31, 2019.
The shareholders gave the approval at the company’s eighth Annual General Meeting (AGM) by proxy monitored live on You Tube by the News Agency of Nigeria (NAN) in Lagos.
NAN reports that the dividend translated to 38k per share, compared with 26k paid in the comparative period of 2018.
Speaking at the meeting, a shareholder, Mr Matthew Akinlade, commended the company for the dividend and impressive results achieved in 2019 in spite of challenging business environment.
Akinlade said that the company’s operating indices showed that a lot of progress was recorded in 2019.
“Looking at the various indices, it shows the company has made a lot of progress in 2019 in spite of difficulties encountered during the period,” he said.
Akinlade said shareholders were very happy with enhanced dividend declared by the company during the period, urging that it should be improved upon in the years ahead.
Mr Sunny Nwosu, Founder, Independent Shareholders Association of Nigeria ((ISAN), said the dividend approved was well appreciated by the shareholders.
Nwosu, who described the dividend as good thinking, good product, called on the board and management of the company to ensure enhanced performance in future.
Source:https://thenationonlineng.net/fbn-holdings-shareholders-endorse-n13-64bn-dividend-in-2019/
