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Dangote Sugar declares 100% dividend increase for 2012

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 Dangote Sugar Refinery has proposed 100 percent increase in its dividend for the financial year ended December 31, 2012.

The News Agency of Nigeria (NAN) reports that the company, in its 2012 audited result released by the Nigerian Stock Exchange (NSE) on Wednesday in Lagos, proposed a dividend of 50k per share.

The proposed 50k is 100 percent improvement over the 25k dividend it paid to shareholders in 2011.

The proposed dividend has to be endorsed by the shareholders at the forthcoming annual general meeting on May 13.