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Oando Proposes 1 for 2 bonus and N3.00 dividend




Oando Plc has just released its full year trading result to the floor of the Nigerian Stock Exchange. The company, which has 905,084,628 units of shares outstanding, declared a Turnover of N336.859 billion and a Profit After Tax of N10.096 billion. 

The Directors are recommending a dividend of N3.00 and a bonus of 1 for 2 units of shares held. The date of closure of register of members, the notice of Annual general Meeting and other relevant dates are still awaited.
The stock closed the day higher at N105.00 with an unfilled bid of about 3.5 million units.
(Source:Cordros Capital)
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