FBN Holdings moves 2018 dividend qualification date forward
Adesola Afolabi was a businessamlive reporter and Head of Financial desk.
The board of FBN Holdings Plc has announced a change in the date of qualification date for the proposed payment of 2018 financial year dividend from April 22, 2019 to April 23, 2019.
This was disclosed in a statement signed by Seye Kosoko, the company secretary and filed with the Nigerian Stock Exchange (NSE).
Last week, the board of directors of FBN Holdings recommended the payment of a cash dividend of 26 kobo per share to shareholders of the company, for the 2018 financial year.
The board had then disclosed that the qualification date for the dividend was April 22, 2019, while the register of shareholders would be closed from April 23 to 29, 2019.
However the notice to the NSE, explained that the board shifted the date of the qualification by a day, because the former date falls on a public holiday in Nigeria.
“FBN Holdings wishes to inform its shareholders that the qualifying date for payment of dividend as communicated in the notice to Annual General Meeting (AGM) has now been changed to April 23, 2019.
“The change in date is due to the original qualifying date of April 22, 2019, falling on a public holiday.
“Consequently, the register of members will now be closed from April 24 to 29, 2019 (both days inclusive), to enable the registrars update records in preparation for the payment of dividend,” the statement read.