Guinness Nigeria Plc Proposes Dividend of 50 Kobo Per Share

Lagos (Naija247news)-Nigeria’s foremost brewer, Guinness Nigeria Plc said on Monday proposed a lower dividend payout to shareholders of the company.

Guinness offered its investors a 50 kobo per share in respect of year ended June 30, 2016 compared to N3.20 per share paid last year; indicating a drop of 84.4 percent in dividend payout in the review period.

The company said the 50 kobo per share dividend will be paid to shareholders on November 2016, the brewer said in its corporate action to the Nigerian Stock Exchange (NSE).

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