Sovereign Trust Insurance Plc has declared a dividend of 3 kobo to its shareholders for the year ended 31 December 2023.
The underwriting firm reported revenue of N19.3 billion for the 12 months period, up by 23.06% from N15.7 billion reported in FY 2022.
Profit after tax of N1.274 billion was reported for the year under review, down by 8.13% from the profit after tax of N1.387 billion reported the previous year.
Earnings per share of the Company stands at 9 kobo.
At the share price of N0.42, the P/E ratio of Sovereign Trust Insurance Plc stands at 4.69x with earnings yield of 21.32%.
Qualification date for the proposed dividend is September 10, 2024. The Register of Shareholders will be closed by September 11, 2024. Payment date is September 26, 2024.