Shareholders will receive a total dividend of N2.06 billion, sequel to resolutions reached by the Board of Total Nigeria Plc, at the 43rd Annual General Meeting of the company. According to an official disclosure sent to the Nigerian Exchange Group Limited (NGX) and signed by the company’s secretary, Bunmi Popoola-Mordi, the approved amount represents N6.08 per share for the 2020 financial year.
According to the notice: “It was resolved that a dividend of N6.08 per share as recommended by the directors and is hereby payable on Friday 18th June, 2021 to all holders of ordinary shares whose names appear in the Register of Members at close of business on the 16th of April, 2021 subject to deduction of withholding tax at the rate applicable on the date of payment.’’
Sequel to this, the approved dividend rate of N6.08 per share will be paid on all the issued 339,521,837 ordinary shares of the company. It will be recalled that Total Nigeria Plc reported a profit after tax of N2.24 billion in Full Year 2020, indicating a dip of 1.55 per cent when compared to the sum of N2.28 billion recorded in the corresponding period of 2019.
