Half-year: Afriland Properties Declares N178.6m Total Interim Dividend
Afriland Properties Plc has announced an interim dividend of 13k per share, amounting to a total payout of N178.607 million for the half-year ended June 30.
The Managing Director of Afriland Properties Plc, Ms Uzo Oshogwe, disclosed this in a statement made available to newsmen in Lagos.
Oshogwe noted that the dividend is scheduled for payment on Aug. 16.
Oshogwe said that the dividend showed the company’s resilience, supported by a diversified portfolio of investments and offerings.
According to her, the interim dividend reflects Afriland Properties’ commitment to enhancing shareholder value, a core aspect of its strategic focus.
The managing director said that Afriland Properties remained dedicated to leveraging innovative strategies to drive long-term growth while offering comprehensive services across the real estate value chain.
Oshogwe expressed gratitude to the shareholders for their continued trust and support.
Earlier in the year, the company reported a significant 150 per cent increase in its full-year dividend payout at the 2023 Annual General Meeting, reinforcing its commitment to delivering exceptional value.
Oshogwe also mentioned that Afriland Properties was working on new landmark developments in Abuja and Lagos to meet the growing demand for high-quality residential and commercial spaces.
She explained that these efforts aim to strengthen the company’s leadership position in the Nigerian real estate sector and ensure sustainable returns for stakeholders.
Afriland Properties is a property management, investment, and development company offering end-to-end services across the real estate value chain.
With a portfolio valued at over N14 billion and one of the largest land banks in Nigeria, Afriland is pioneering an institutional approach to real estate, serving niche markets across Africa. #Half-year: Afriland Properties Declares N178.6m Total Interim Dividend
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