Dangote Sugar, BUA Foods propose N99.2bn dividends to shareholders

Dangote Sugar and BUA Foods have collectively proposed N99.22 billion dividends for 2022 subject to approval by shareholders

In its 2022 financial report, BUA Foods said its shareholders are expected to earn N81 billion as a return on investments following the proposal of N4.50 kobo per share as a dividend payment.

Investors holding BUA Foods shares were paid N63 billion in 2021, indicating that the dividends would increase by N18 billion in just one year if approved by the board.

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