In the aftermath of an emergency meeting on Tuesday, July 25, 2023, the board of the Nigerian Exchange Group Plc has announces, for the first time post-demutualisation, an interim dividend of 25 kobo per share, for the 2023 half year.
This dividend will be paid to shareholders whose names appear in the Shareholders’ Register as of close of business Monday, July 31 2023, while payment will be remitted electronically to qualified shareholders on Thursday, August 31, 2023.
The dividend announcement, the group said in a statement, comes as a resolution of the Board following the request from shareholders at the recently held Annual General Meeting on 14 July 2023.
Commenting on the announcement, the Chairman, Alhaji (Dr) Umaru Kwairanga said: “The announcement of the dividend will send a signal to our shareholders that the Company has a listening and responsive Board following the request at the last annual general meeting. We hope to continue enjoying the support of our valued shareholders as NGX Group seeks to execute on its strategy to create sustainable growth in the medium to long term.’
The Group Chief Executive Officer, NGX Group, Oscar Onyema, stated, “the proposed payment will not significantly impact the cash position and retained earnings of the Company and will further position the company as investible for a wider class of investors in the capital market. We will continue to focus on maximising value for shareholders just as we champion the development of Africa’s financial markets.”