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    Thursday, November 5

    BUA Cement Shareholders Approve N2/s Dividend for 2023

    Julius AlagbeBy MarketNews No Comments1 Min Read
    BUA Cement Shareholders Approve N2/s Dividend for 2023

    BUA Cement Shareholders Approve N2/s Dividend for 2023

    BUA Cement Plc.’s shareholders have approved payment of N2 dividend per share for the financial year 2023, the company said in a regulatory filing submitted on the Nigerian Exchange (NGX).

    The company said it held its 8th Annual General Meeting of BUA Cement PLC on Thursday 29th August 2024, at the Congress Hall of Transcorp Hilton Hotel, Abuja.

    The cement company share price remained steady despite the announcement. Data from the Nigerian Exchange showed that BUA cement share price ended the week at N113.90 on Friday.

    Investors put N3.857 trillion as market value of the cement company’s 33.864 billion shares outstanding in the local bourse. The cement company share has been declining following its unimpressive first half results.

    Huge foreign exchange losses damaged BUA cement earnings performance in the first half of the year. In spite of this, the company announced N2 dividend on each share to shareholders. #BUA Cement Shareholders Approve N2/s Dividend for 2023

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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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