Goddy Egene
The Managing Director of Nigerian Breweries Plc, Mr. Jordi Borrut Bel, has said called on shareholders to embrace the script dividend option proposal offered by the company because of its many benefits.
Nigerian Breweries Plc has recommended a dividend of N7.7 billion for its shareholders for the 2020 financial year. However, the company also gave shareholders the option to receive additional shares instead of cash dividend.
The recommendation, which amounts to a total dividend of N0.94 per ordinary share of 50kobo each, represents a 100 per cent payout.
Speaking at the pre- annual general meeting (AGM) media briefing held in Lagos, yesterday, Borrut Bel said the shareholders opting for additional shares in the place of cash dividend stand the opportunity of increasing their holdings in the company with high value.