Business News

Shareholders Approve Afriland Properties N343.5m Dividend Payout

Afriland Properties 11th AGM

By Aduragbemi Omiyale A dividend payout of N343.5 million has been approved by shareholders of Afriland Properties Plc at the company’s 11th Annual General Meeting (AGM) held virtually on Tuesday, April 16, 2024. Business Post reports that the cash reward for the 2023 financial year, amounting to 25 Kobo per share, is 150 per cent higher than the N137.4 million paid in the previous year. The real estate investment firm was able to increase the payout after it recorded an impressive performance in the period under consideration. Details of the financial statements for the year showed that the total revenue