The Most Important Points
- The Board of Directors has proposed to shareholders a dividend of N751.28 million, or 40 kobo per share, for the fiscal year ending 31 December 2022.
- The dividend is subject to shareholder approval, and the applicable withholding tax will be paid to shareholders whose names appear in the Register of Members as of June 4th, 2023.
- The Company’s revenue for the fiscal year ending 2022 increased by 30% to N55.21 billion from N42.37 billion.
- Cadbury Nigeria Plc shareholders will receive a final dividend of N751.28 million for the fiscal year ending December 2022, reflecting a total dividend of 40 kobo per share issued by the paint company.
- Cadbury Nigeria’s Board of Directors has proposed a final dividend of 40 kobo per share for the fiscal year 2022, in accordance with the terms of Section 426 of the Companies and Allied Matters Act (CAMA 2020) of Nigeria.
Information was gathered by Nairametrics from the company’s corporate action statement to the Nigerian Exchange Limited (NGX).
Subject to shareholder approval: The dividend is subject to shareholder approval, and the relevant withholding tax will be paid to shareholders whose names appear in the Register of Members as of the close of business on June 4th, 2023, according to the corporation.
According to the company’s statement, dividends will be paid electronically on Tuesday 27th June 2023 to shareholders whose names appear on the Register of Members as of Friday 2nd June 2023 and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.
Shareholders who have yet to complete their e-dividend registration can obtain the Registrar’s E-Dividend Mandate Activation Form, which is also accessible on the Registrars’ website.
Shareholders who have unclaimed dividend warrants or share certificates that have yet to be presented for payment or returned for validation are also encouraged to complete the e-dividend registration or contact the Registrar.
Things you should be aware of: Cadbury Nigeria Plc reported a pre-tax profit of N1.29 billion in its 2022 audited full-year results on Tuesday, March 28, 2023.
This marks an 18% increase over the N1.097 billion recorded by the firm during the same time in 2021.
Revenue for the fiscal year ending 2022 increased by 30% to N55.21 billion from N42.37 billion.
The company’s gross profit increased by N7.72 billion during the review period, from N6.48 billion in 2021, representing a +19% increase.
The cost of sales increased by 32.29% in 1021, from N35.89 billion to N47.48 billion.
