A dividend payment of N2.15 kobo per 50 kobo ordinary shares for the financial year ended March 31, 2021, has been announced by Flour Mills of Nigeria Plc.
According to the disclosure filed with the Exchange (NGX), shareholders are to ensure their names are registered in the Register of Members by the qualification date of August 12, 2022, as the dividend payment will be subject to shareholders’ approval at the Annual General Meeting (AGM) and appropriate withholding tax.
The dividend which amounts to N8.82 billion will be disbursed electronically on Thursday, September 8, 2022, to ordinary shareholders whose names appear on the Register of Members as of Friday, August 12, 2022, and those who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their bank accounts.
At the time of filing the report, the company had 4,100,379,605 outstanding shares and a market capitalization of N143.51 billion.
On the 15th of June 2022, the company’s shares opened trading at N35.00 per share and closed at N35.00 per share.