The NPF Microfinance Bank, which provides micro-credit primarily to serving and retired policemen and other Nigerians, will pay 20 per cent more in annual dividends following a moderate increase in net profit for last year compared to 2022.
Shareholders will receive the cash reward on 1 November provided they hold their shares in the company until at least 7 October and they endorse the move at its annual general meeting slated for the end of next month.
“A final dividend of 12 kobo per 50 kobo ordinary share, subject to appropriate withholding tax and approval will be paid to shareholders to shareholders,” NPF Microfinance Bank said in a regulatory filing on Wednesday.
