Flour Mills of Nigeria FY’22 Earnings Analysis: Is N2.15 dividend payout fair enough?

Flour Mills of Nigeria Plc reported 50.83% growth in its turnover and a marginal growth of 8.94% in profit after tax in its audited report for the year ended 31 March 2022. Earnings per share increased to N6.83 from the EPS of N6.27 achieved the previous year.

The Company increased dividend payout by 30.30% to N2.15 from a final dividend of N1.65 declared the previous year.

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