Aradel Holdings Plc has declared an interim dividend of N8 to its shareholders for the period ended 30 September 2024.
Qualification date for the proposed dividend is on 20 November 2024. To enable Aradel’s Registrars, Coronation Registrars Limited, prepare for the payment of the dividend, the Register of Shareholders will be closed on 21 November 2024.
On 27 November 2024, the interim dividend will be paid electronically to shareholders whose names appear on the Register of Members as of 20 November 2024, and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.
The Company reported revenue of N337.58 billion for the 9 months period (Q3 2024), up by 206.86% from N123.05 billion revenue achieved the previous year.
Profit after tax of N110.58 billion was reported for the 9 months period, up by 477.21% from N19.16 billion reported the previous year.
Earnings per share of the Group stands at N25.45.
At the share price of N550.1, the P/E ratio of Aradel Holdings stands at 21.61x with earnings yield of 4.63%.