Nigerian Exchange Group Plc intends to pay an interim dividend of 25 kobo each ordinary share of 50 kobo on Thursday, totaling N495.53 million.
According to The Punch, this came after the group called an extraordinary board meeting in July to announce its decision to electronically deliver its first dividend to qualifying shareholders following the demutualization in 2021.
Shareholders urged that a dividend be announced during the company’s annual general meeting in July. In a statement issued on Wednesday, the business stated that the decision to pay the dividend was made in direct response to shareholder comments and proposals received during the AGM.
In response to the dividend announcement, NGX Group Chairman Umaru Kwairanga stated, “The dividend announcement will send a signal to our shareholders that the company has a listening and responsive board in response to the request at the last annual general meeting.
“We hope to continue to have the support of our valued shareholders as NGX Group tries to execute on its medium to long-term growth strategy.”
