Proshare Logo
   Market Date: 28-01-2015   
Agriculture ARTS FINANCE All One Min News Archives Bonds Cap Mkt Sentiments Capital Market CASHLESS NIGERIA Commodities Corporate Earnings Daily & Weekly Market Updates Elections Enterpreneurship ETFs Forex Frauds & Scandals General Global Market Insurance Investors NewsBeat Islamic Finance Mergers & Aquisitions Money Market Mortgage Mutual Funds Nigeria Economy Oil Sector Opinions and Analysis Pensions People Personal Finance Politics Power Products & Services Professionals Property Public Offers Private Placements Regulators REITs Stock PICKS Taxation Telcos Travel & Tours Unlisted OTC MARKET World of Business

Guinness Nigeria proposes 33% dividend increase in 2008 FYE

Category: Corporate Earnings

  Read (1099)
Guinness Nigeria proposes 33% dividend increase in 2008 FYE

September 16 , 2008 /Proshare NI

Brewing Giants Guinness Nigeria Plc has proposed 33 percent increase its dividend payout to investors to investors in its 2008 Financial Year End (FYE). This was contained in the company’s notice of its 58th Annual General Meeting (AGM) made available to Proshare NI today in LagosNigeria.


The company in year 2007 FYE paid investors N4.50 Kobo per share dividend compared to the proposed N6.00 in the 2008 FYE indicating an increase of 33 percent in the review period.


Prior to this time, at the company’s Extra Ordinary General Meeting (EGM) held July 10, 2008, a special dividend of N6.80 kobo per share was declared and paid to investors amounting to N10 billion.


However, as earlier published by Proshare, audited results for the year ended June 30, 2008 shows that Turnover of the company rose from N62.265 billion in year 2007 to N69.172 billion in year 2008 indicating a rise of 11 percent in the review period.


Profit before Tax (PBT) also grew from N14.884 billion in year 2007 to N17.092 billion in year 2008 showing a growth of 15 percent.


While Profit after Tax (PAT) also increased from N10.691 billion in year 2007 to N11.860 billion in year 2008 representing an increase of 11 percent in the review period.


The dividend proposed if approved; Guinness Nigeria is expected to post out dividend warrants on December 03, 2008 to investors whose names appear in the register of members as at Friday, October 31, 2008.

Tags: , 

Comment With Your Facebook or Yahoo! ID

Latest news

News on Corporate Earnings

About Us

Who We Are
Our Team & Partners
Corporate Governance
Advertise with Us
Subscribe / Unsubscribe
Site Map
News Feed - RSS
Contact Us
Volunteer Program
Message from CEO

News & Features
The Analyst / Market Data
Investor Relations Portal
The Regulator
Economy & Politics
Training Portal
Events Calendar
NewsStands - Online Reputation

Products and Services

Research & Market Intelligence
Analyst Services
Offers & Rights Support Service
Investor Relations Services
Alert & Subscription Services
Share Support Services
Proshare Consult
Event & Seminar Coverage
Market Directory
File a Complaint
News & Analysis

News from TheANALYST
Video News from WebTV
Money Market Updates
Opinions & Analysis
Nigerian Economy
Market Data
The Regulator
Discussion Forum

Subscriber Agreement
Privacy Policy
Data Policy
Copyright Policy
Comments in Site
Advertising Code
Conflict of Interest
Content Partnership
3rd Parties

Online Trading and Execution
Legal Support Services
Web/Technology Services
File a Complaint

CBN Governor 2014