Northern Nigeria Flour Mills Plc has announced to pay an interim dividend of 15 kobo per ordinary share to its shareholders. The payment which is subject to appropriate withholding tax and approval will be paid to shareholders, whose names appear in the Register of Members as at close of business on 24th of August, 2021.
The dividend payment is for the period ended June 30, 2021.
In a statement signed by the company’s secretary, Theophilus Ogwuche, the milling firm disclosed that on 10th of September, 2021, dividends will be paid electronically to shareholders whose names appear on the Register of Members as at 24th of August, 2021, and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.
Additionally, the milling firm revealed that the Register of Shareholders will be closed from 25th of August to 27th of August, 2021.
In light of the above, it is imperative to note that the dividend payment is coming on the back of an impressive Q1, 2021 financial results posted by the firm. In its recently released first quarter results for the period ended June 30, 2021, the firm posted a 21% increase in profit after tax to N82.0 million. Earnings per share also printed at 46 kobo during the aforementioned period.
About Northern Nigeria Flour Mills Plc
Northern Nigeria Flour Mills Plc is a Nigerian-based milling company, engaged in the milling of wheat and other associated grains. It also sells products Golden Penny products purchased from Flour Mills of Nigeria Plc (its parent company). Some of the products produced by Northern Nigeria Flour Mills Plc include; wheat flour, semovita, wheat offal, masaflour, germ flour, masavita, corn offal, etc. The company’s head office is in Kano, Nigeria.
Northern Nigeria Flour Mills Plc closed trading for the week ended 6th of August, 2021 on the floor of the Nigerian Exchange Limited (NGX) at N6.15 per share. Its total shares outstanding for the period stood at 178,200,000.