NASCON Allied Industries Plc has announced 40 kobo final dividend to its shareholders. This is subject to appropriate withholding tax and approval and would be paid to shareholders whose names are in the Register of members as at Thursday 22nd April, 2021. Closure of register is on Friday 23rd April 2021.
According to the statement on the firm’s corporate disclosure, dividend will be paid electronically to shareholders on Wednesday 5th May 2021.
The firm in its published Audited Financial Statement for year 2020 reported a turnover of N28.01 billion, up by 1.9% from the turnover of N27.49 billion reported in 2019.
A profit after tax of N2.69 billion was declared for the year 2020, up by 45.8% from N1.845 billion reported the previous year.
Earnings per share (EPS) of the firm increased to N1.02 from the EPS of N0.70, which translates to 45.8% growth year on year.
At the share price of N14.45, the P.E ratio of NASCON Allied Industries stands at 14.23x with earnings yield of 7.03%.