Nigerian Breweries Rewards Shareholders with N3 Dividend for 2011 FYE
Nigerian Breweries, makers of Star beer, have announced a N 3 dividend to reward its shareholders for the 2011 financial year.
The dividend represents a yield of 3.06% on its current share price of N 98.
Nigerian Breweries is a company known for its huge payouts to shareholders. In 2006, 2008 and 2009 the company paid 100% of its earnings as dividend. In 2010, the dividend fell to 60%, and this recent announcement represents approximately a 5% increase in the dividend payout to 65%.
The N 3 payable is also a 25% increase from the N 2.40 payable last year.
The date of closure of register is 15th – 21st of March, 2012 while payment date is 17th of May, 2012.
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