Connect with us


Cadbury declares N0.49 per share dividend



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 22nd May 2020.

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

Join the conversation


Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

If you are motivated and passionate about building a global society, founded on justice, equity, fairness, transparency, accountability and superior knowledge, kindly consider donating to Ripples Nigeria’s solutions journalism.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now