Vitafoam Nigeria Plc has declared a 68 per cent increase in dividend payouts to shareholders after the company grew its Profit after Tax by 296.5 per cent to close at N2.4 billion away from the previous close of N601 million.
Shareholders will receive a dividend per share of 42 kobo or N525.35 million for the 2019 business year as against 25 kobo per share paid for the 2018 business year.
The dividend will be paid in March 2020 after approval by shareholders at the annual general meeting scheduled for March 4, 2020.