Northern Nigeria Flour Mills PLC has announced an interim dividend of 50 kobo for each ordinary share of 50 kobo, payable to its registered shareholders.
This disclosure, released on the NGX portal on November 14, 2024, was signed by the company secretary, Ogwuche Theophilus.
According to the disclosure, the dividend will be subject to applicable withholding tax and will be paid to shareholders whose names appear in the company’s Register of Members as of the close of business on November 11, 2024.
In addition, the company disclosed that its Register of Shareholders will be closed from November 12 to November 19, 2024, as part of the standard administrative processes required for dividend disbursement.
According to the disclosure, the company advised members with unclaimed warrants and share certificates to complete their e-dividend registration.
It stated: “Shareholders with dividend warrants and share certificates that remain 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.”
“Shareholders who are yet to complete the e-dividend registration are advised to download the registrar’s e-dividend mandate activation form, available on the website of the registrars, complete it, and submit it to the registrar or their respective bank.”
The company’s share price is currently at N37, recovering by 16% from a dip of N31.90 in September, reflecting an improvement in investor sentiment. Long-term, the company is on a strong bullish trend.