Sunu Assurance Plc declares 10 kobo dividend as profit rises to N3.68bn

Sunu Assurance Plc has declared a dividend of 10 kobo to shareholders for the year ended 31 December 2024.

The insurance firm recorded Gross Earnings of N19.11 billion for the 12 months period, up by 42.86% from N13.38 billion reported in FY 2023.

Profit after tax rose by 37.37% to N3.68 billion from N2.68 billion reported the previous year.

Earnings per share of the Company stands at N0.63.

At the share price of N5.99, the P/E Ratio of Sunu Assurance Plc stands at 9.46x with earnings yield of 10.57%.

The qualification date for the proposed dividend of 10 kobo is 30^th May, 2025. The Register of Shareholders will be closed from the 2^nd of June to 6^th June 2025. Payment date is not yet disclosed.