Nigerian Breweries’ shareholders to earn N13.8bn

The shareholders of Nigerian Breweries will earn N13.8 billion from dividends for the 2022 period due to their equity investments in the brewery company.

In its Audited Financial Statements for 2022, obtained by Ripples Nigeria on Monday, Nigerian Breweries disclosed to shareholders that the N13.8 billion is the total dividend for last year, representing N100.43 kobo per share as the total dividend to shareholders.

The payment will be made to “shareholders whose names appear on the company’s Register of Members at the close of business on Thursday, 16th March, 2023. The Register will be closed from Friday, 17th March 2023 to Thursday, 23rd March, 2023 (both dates inclusive) for the purpose of updating the Register,” the corporate document reads.