Unilever Nigeria Plc declares N4.309bn dividend

Onwubuke Melvin
Onwubuke Melvin

Shareholders of Unilever Nigeria Plc will receive a dividend of N4.309 billion for the financial year ending December 2023, indicating a total dividend of N0.75 kobo per share declared by the Board of Directors of the company.

This was disclosed in the company’s corporate action notice to the Nigerian Exchange Limited.

The Board of Directors of Unilever Nigeria Plc in pursuant to the powers vested in it by the provisions of section 426 of the Companies and Allied Matters Act (CAMA 2020) of Nigeria recommended a dividend of 75 kobo per share for the financial year 2023.

The company stated that the dividend shall be subject to appropriate withholding tax and will be payable on Friday 26 April 2024 to shareholders whose names are included in the register of members at the end of business.

This will be submitted to shareholders for ratification and approval at the next annual general meeting.

According to the statement signed by the company, shareholders whose names appear on the register of members at the close of business on 26 April 2024 shall be paid dividend electronically on 10 May 2024, and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.

Shareholders who are yet to complete the e-dividend registration are advised to download the Registrar’s E-Dividend Mandate Activation Form, which is also available on the website of the Registrars.

Shareholders with dividend warrants and share certificates that have remained unclaimed or are yet to be presented for payment or returned for validation are also advised to complete the e-dividend registration or contact the Registrar.

In the Statement it recorded a revenue of N103.9 billion in 2023, showing a 51.3% increase from the N68.6 billion recorded in 2022.

The company in 2023 recorded a profit after tax of N16.4 billion, which represents a 205% increase from the N5.4 billion recorded in 2022.

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