Fidson Healthcare Plc proposes dividend worth N521.6 million to shareholders.

The Board of Directors of Fidson Healthcare Plc has proposed a final dividend of 25 kobo for every share of 50 kobo held by shareholders, amounting to a total of N521.6 million for the year ended 2020.

This is according to a disclosure signed by the company’s secretary, J.A Adebanjo, and sent to the Nigerian Stock Exchange.

According to the notice, dividends will be paid electronically to qualified shareholders’ on 29th of July, 2021. The qualified shareholders are those, whose names appear in the Register of Members as at the close of trading on 7th of July, 2021.  Other qualifying conditions are;

  • Shareholders must have completed the e-dividend registration.
  • In addition, shareholders must have mandated the Registrar (Meristem Registrars and Probate Limited) to pay their dividend directly into their bank accounts.

What you should know:

  • The Bank is expected to discuss this proposed dividend in its Annual General Meeting scheduled to hold on 28th of July, 2021 at Conference Centre, 2nd Floor, Fidson Towers, Lagos.
  • The company had earlier reported a profit tax of N1.18 billion in FY 2020, indicating a surge of about 190% YoY.
  • The company currently has 2,086,360,250 units of shares outstanding.

For more information about the proposed dividend, click HERE

Fidson Healthcare Plc grows profit by 281.4% to N579.6 million in Q1 2021.

Fidson Healthcare Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Revenue for the period was N6.3 billion. (+68.5% YoY)
  • Cost of sales was N3.48 billion. (+71.7% YoY)
  • Administrative expenses totalled N919.4 million. (+49% YoY)
  • Operating profit of N1.17 billion. (+111.5% YoY)
  • Profit for the period was N579.6 million. (+281.4% YoY)

See link to results.