Cadbury declares N0.49 per share dividend

Mondelez-backed beverage and chocolate maker, Cadbury Nigeria Plc, has declared a N0.49 final dividend per share for Full Year 2019.

According to the confectioner’s notice to the Nigerian Stock Exchange (NSE) on Monday, the proposed dividend will be paid upon approval to shareholders, whose names appear on the company’s register of members at the close of business on 22^nd May 2020.

Closure of Cadbury’s register will carried out from 25^th to 29^th May 2020.

Read also: NSE: Bank stocks dominate losers as market sheds N276.727bn

The Cadbury board says dividend payment date will be communicated in due course.

The dividend announcement is coming on the heels of the release of the firm’s FY2019 financial results, where its earnings expanded by 30% to N1.071 billion.

With outstanding shares numbering 1.878 billion, Cadbury’s Price to Earnings (PE) ratio stands at 11.89%.

Cadbury opened trade on the floor of the Nigerian Stock Exchange (NSE) yesterday at N6.20 per share.

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