The Board of Smart Products Nigeria Plc has proposed a FY 2020 dividend payment of 10 kobo per share, to all shareholders whose names appeared in the Company’s Register of Members at the close of business on July 16, 2021.
This is according to a disclosure issued by the company and made available on the website of the Nigerian Exchange Group Limited (NGX).
According to the notice, the proposed dividend will deliberated upon in the forthcoming Annual General Meeting of the company scheduled on 19th of August, 2021. If approved by the board, the dividend will be disbursed electronically to qualified shareholder on 25th of August, 2021. The conditions for qualification are succinctly captured below;
- The shareholder must have completed the e-dividend registration and mandated the registrar (Meristem Registrars) to pay their dividends directly into their bank accounts.
- Only shareholders’ whose names appear in the Register of Members as at close of business on 16th of July, 2021 will be considered.
The proposed dividend will be paid on all the outstanding 45,000,000 shares of the company, grossing N4.5 million
What you should know:
- Smart Products Nigeria Plc had earlier reported a profit after tax of N7.38 billion in FY 2020.
- To expedite the dividend disbursement process, the Register of Shareholders will be closed from 19th-26th of July, 2021.