Flour Mills proposes N5.74bn dividend

Flour Mills of Nigeria Plc has proposed a final dividend of N1.40 for every ordinary share of 50 kobo each, which would amount to N5.74bn.

The company said in a statement that the dividend would be subjected to applicable withholding tax and would be paid to shareholders whose names appeared in the register of members as of the close of business on August 14, 2020.

It said the register of members would be closed from August 17 – 21 to enable the registrars to prepare for the payment of the dividend.

The statement read in part, “On September 14, the final dividend will be paid electronically to shareholders whose names appear in the Register of Members as of August 14, and who have completed the e-dividend registration and mandated the registrar to pay their dividends directly into their bank accounts.

“Shareholders who are yet to complete the e-dividend registration are advised to download the registrar’s e-dividend mandate form, complete and submit to the registrar or their respective banks.”

Shareholders were also advised to update their records with the registrar as may be required.

Shareholders with dividend warrants and share certificates that had remained unclaimed or were yet to be presented for payment or returned for validation were advised to complete the e-dividend registration or contact the registrar.