Conoil Plc has declared a final dividend of N3.50 per share on every 50 kobo, for its registered shareholders.
This announcement was made public through the Nigerian Exchange (NGX) disclosure platform on October 8, 2024.
According to the disclosure, the proposed dividend will be subject to withholding tax and will be distributed exclusively to shareholders whose names appear in the company’s Register of Members by the close of business on October 18, 2024.
The company urges shareholders who have not yet completed their e-dividend registration to do so promptly.
“Shareholders who are yet to complete the e-dividend registration are encouraged to download the Registrar’s E-dividend Mandate Activation form, available on the company’s website,” according to the disclosure.
Additionally, shareholders with unclaimed dividends are reminded to complete their e-dividend registration to ensure eligibility for payment.
“Shareholders holding dividend warrants and share certificates that remain unclaimed or have not been presented for payment or validation should fill out the e-dividend registration form or contact the Registrar for assistance,” the statement further advised.
As of the market close on October 8, 2024, Conoil’s share price has doubled, achieving a 100% year-to-date rise in the Nigerian stock market.
Building on strong buyside momentum that began last year, the company saw its bullish trend strengthen in 2024, amid increased optimism in the oil and gas sector.