Shareholders of Africa Prudential Plc have endorsed the recommendation of the Board of Directors for a full-year dividend of N900 million, which translates to a dividend payout of forty-five (45) kobo per share.
This disclosure was made at the company’s 11th Annual General Meeting (AGM) which was conducted virtually, where the shareholders approved, according to nairametrics.
Speaking at the meeting, Africa Prudential CEO, Mrs Eniola Fadayomi pointed out that the company is still focused on continuous transformation.
According to her, the company intends to leverage technology solutions to enhance its customer service experience in 2024 and expects a better return on investment for shareholders.
“Our total assets grew to N22.9 billion, representing a 19% increase over the previous year’s figure of N19.2 billion. This growth is a testament to the priority we place on meeting shareholders’ expectations,” she said.
The Managing Director/Chief Executive Officer of Africa Prudential, Catherine Nwosu the company has made good progress towards its objectives by actively following strategic partnerships to expand our market reach and offerings.
She noted that the company is also forging alliances with leading institutions and industry stakeholders; the company has been able to leverage synergies to access new opportunities across diverse sectors.
She stressed that Nigeria’s capital market is undergoing a significant transformation, becoming an important hub for companies seeking to raise funds in the global context.
“Initiatives such as the commodities exchange, Clearing and settlement of exchange-traded derivative instruments, and the National Association of Securities Dealers (NASD) mark the beginning of a new era in our market’s evolution.
These changes signify increased opportunities for companies to access the funding necessary for growth and success.
Our active participation in these groundbreaking initiatives showcases not only our adaptability but also our strategic expansion to reach more clients and establish a stronger market presence,” she said.
