Shareholders of FCMB Group Plc will receive a total dividend of N9.901 billion for the financial year ending December 2023, representing a reward of 50 kobo for each share held.
The dividend represents 100% growth over 25 kobo per share which the financial institution paid its shareholders in 2022.
This was contained in the company’s corporate action announced at the Nigerian Exchange Limited (NGX) on Monday and obtained by Naijaonpoint.
According to the company, the final dividend is subject to withholding tax and approval of shareholders at the next annual general meeting.
The dividend will be paid to shareholders whose names appear in the register of members as at the close of business on Monday, 13 May 2024.
The statement signed by the company noted that On Friday, 24 May 2024, dividend will be paid electronically to shareholders whose names appear on the register of members as at the close of business on Monday, 13 May 2024, and who have completed the e-dividend registration and mandated the registrar to pay their dividends directly into their Bank accounts.
Shareholders who are yet to complete the e-dividend registration are advised to download the registrar’s E-Dividend Mandate Activation Form, which is also available on the website of the registrars.
Shareholders with dividend warrants and share certificates that have remained unclaimed or are yet to be presented for payment or returned for validation are advised to complete the e-dividend registration or contact the registrar.
Naijaonpoint reported that FCMB Group Plc, one of the nation’s Tier-2 banks, will seek shareholders’ approval to raise N150 billion capital at the group’s annual general meeting (AGM) scheduled on Friday, 24 May 2024.
This was contained in the group’s AGM seen by Naijaonpoint.