Julius Berger to pay N3.63bn in proposed N2.75kobo final dividend

Construction giant, Julius Berger Nigeria Plc proposes to pay its shareholders a final dividend of N2.75kobo per share. This amounts to N3.6billion considering the company’s 1.320billion shares outstanding.

The proposed dividend will be paid to shareholders whose names appear in the register of members as at close of business on May 29, 2020, the company noted.

This comes as the company proposes bonus in the proportion of one (1) new ordinary share for every five (5) existing ordinary shares held.

At the Nigerian Stock Exchange (NSE), the shares of Julius Berger at N22.15kobo on Monday March 16 traded near its 52-week high of N27.50 against a corresponding period low of N18. With a record positive return of +11.3percent year-to-date (YtD), Julius Berger stock outperforms the NSE All Share Index (ASI) which has negative return of about -15.41percent same day.

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By Iheanyi Nwachukwu • March 17, 2020

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.