Nigerian Breweries has proposed to pay a final dividend of N1.83 per ordinary share of 50 kobo each to its shareholders. This according to the firm is subject to appropriate withholding tax and approval at the Annual General Meeting of the Company slated for 17th of May, 2019.
Nigerian Breweries posted a turnover of N324.4 billion, which is a decline of 5.85% from the previous turnover of 344.5 billion in 2017.
Profit after Tax (PAT) declined by 41% to close at N19.4 billion against the previous PAT of N33 billion in 2017.
The earning per share for the period under review is N2.43 is which is 41% decline from the previous EPS of N4.13 in 2017.
With reference to its current share price of N83, the PE ratio of Nigerian Breweries stands at 34.21x with earnings yield of 2.92%
Shareholders whose names appear in the Company’s Register of Members as at the close of business on the 6th of March 2019 would be paid the dividend N1.83 per ordinary share.
The Register of Shareholders will be closed from 7th of March, 2019 to 13th of March, 2019. The Qualification date is on 6th of March 2019.