Vitafoam Nigeria Plc has announced N1.876 billion in Dividend Payout to its shareholders for the period ended 30th September 2021.
The Household Durables company stated Thursday that a N1.50 per 50 kobo ordinary share from its outstanding shares of 1,250,844,064.00, amounting to a dividend of N1.876 billion would be disbursed to shareholders.
According to Vitafoam, disbursement is however, subject to appropriate withholding tax and approval.
“A Final Dividend of N1.50 per 50 kobo ordinary share, subject to Proposed Divided approval will be paid to shareholders whose names appear in the Register of Members as at the close of business on Friday, 11 February, 2022,” Vitafoam said.
According to Vitafoam, closure of Register of Shareholders will be closed from Monday 14th February, 2022 to Friday 18th February, 2022. Qualification Date Friday 11th of February, 2022.
The company said dividends will be paid electronically on Friday, 4h March 2022.
“Shareholders whose names appear on the Register of Members as at Friday, 11th February 2022 and who have completed the e-dividend registration and mandated the Registrars to pay their dividends directly into their Bank accounts.
Vitafoam however, stated that Shareholders who are yet to complete the e-dividend registration “are advised to download the Registrar’s E-Dividend Mandate Registration and Activation Form, which is also available on our website: www.vitafoamng.com, complete and submit to the Registrars or
their respective Banks.”
It added that, “Shareholders with Unclaimed Dividend Warrants that remained unclaimed or are yet to be presented for payment or returned for validation are advised to complete the e-dividend and Share registration or contact the Registrars.”
The Company also disclosed that its Annual General Meeting will be held on Thursday 3rd March, 2022 at 10.00am. Vitafoam had earlier reported 59.2 percent increase in profit to N3.41billion in nine months ended September 30, 2021 unaudited results as against N2.14billion recorded in nine months of 2020.
The company also reported 55.12 percent increase in profit before tax to N4.7 billion in period under review from N3.05billion reported in prior period results.
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