PZ Cussons BOD recommends N397 million after tax to shareholders

The Board of Directors of PZ Cussons Nigeria Plc. has proposed the payment of N397.047 million to the shareholders of the company, who currently hold the 3,970,477,045 fully paid ordinary shares of PZ Cussons Nigeria Plc.

This was made known by the company in a notification issued and signed by the Company Secretary, Jacqueline Ezeokwelume.

The Secretary explained that the dividend payments will be made on Monday 1 February, 2021, if the dividend of ten (10) kobo per share which was recommended by Directors is approved by members at the Annual 72nd General Meeting.

Chairman of the company, Gbenga Oyebode, in his address, said: “Fellow shareholders, the Board of Directors is recommending to the shareholders at this Annual General Meeting, a dividend pay-out of N397.047, 700, representing 10 Kobo per share (2019:15 kobo per share). If approved, the dividend will be paid to shareholders on Monday, 1 February 2021, after deducting the appropriate with-holding tax.”

However,   shareholders are reminded that only those whose names appear in the Register of Members and Transfer Books at the close of business on 19th October 2020 will receive the dividend on Monday, 1 February 2021.


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