Northern Nigeria Flour Mills Plc Declares Payment Of Dividend

A dividend payment of N0.25 kobo per 50 kobo ordinary shares for the financial year ended March 31, 2021, has been announced by Northern Nigeria Flour Mills 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 23, 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 N44.55 million will be disbursed electronically on Friday, September 9, 2022, to ordinary shareholders whose names appear on the Register of Members as of Tuesday, August 23, 2022, and to those who have completed the dividend registration and mandated the Registrar to pay their dividends directly into their bank accounts.

But before the disbursement, the company would hold its Annual General Meeting at The Bristol Palace Hotel, 54/56 Guda Abdullahi Road, Farm Centre, Kano on September 8, 2022, at 2 pm.

As of the time of filing this report, Northern Nigeria Flour Mills Plc has 178,200,000 outstanding shares and a market capitalization of N1.89 billion, as the company’s shares opened trading on June, 17, 2022, at N10.60 per share and closed at N10.60 per share.