Nigerian Exchange Group (NGX) Plc intends to pay an interim dividend of 25 kobo each ordinary share of 50 kobo on Thursday, totaling N495.53 million.
This came after the Group called an extraordinary board meeting in July to announce its plan to electronically deliver its first dividend to qualifying shareholders following the demutualisation in 2021.
Shareholders urged that a dividend be announced during the company’s annual general meeting in July. In a statement published on Wednesday, the business stated that the decision to pay the dividend was made in direct response to shareholder comments and proposals received during the AGM.
Commenting on the dividend announcement, the Chairman, NGX Group, Umaru Kwairanga, said, “The announcement of the dividend will send a signal to our shareholders 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.”
