NASCON Allied Industries proposes N1 as final dividend to shareholders in FY 2022

NASCON Allied Industries Plc has proposed a final dividend of N1 to its shareholders for the year ended 31 December 2022.

The company reported a revenue of N58.786 billion for the 12 months period, up by 78.64% from N33.28 billion reported the previous year.

Profit after tax of N5.47 billion was reported for the period under review, up by 84.09% from N2.97 billion reported the previous year.

Earnings per share of NASCON stands at N2.06.

At the share price of N11.20, the P/E ratio of NASCON stands at 5.43x with earnings yield of 18.43%.

Qualification date for the proposed dividend of N1 is April 28, 2023.

The Register of Shareholders will be closed from 2 May to 8 May 2023 (both days inclusive).

By 26 May, 2023, dividends will be paid electronically to shareholders whose names appear in the Register of Members as at 28 April, 2023 and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their bank accounts.

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