Premium Pension Limited (PPL) has rewarded its shareholders with about N1.74billion total dividend even as its Asset Under Management (AUM) rose to N1 trillion at the end of its 2022 financial year end.
The chairman of PPL, Mr. Ibrahim Alhassan Babayo, while speaking at the 18th Annual General Meeting (AGM) of the company held at its corporate head office in Abuja on Tuesday, noted that, in its 2022 financial year, the Pension Fund Administrator (PFA) paid total dividend of N2.65 kobo amounting to N1.740 billion, representing N1.20 kobo interim and N1.45 kobo final dividends of N788.14 million and N952.833 million respectively.
Stating that the dividend payment represented 15th consecutive year in which the company has paid dividends, he added that, the growth in PPL AuM represented a growth of N120.93 billion over 2021 year-end of N879.48 billion, translating to a year-on-year growth rate of 12.08 per cent.
