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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