Northern Nigeria Flour Mills to Pay Dividend Next Week

Northern Nigeria Flour Mills to Pay Dividend Next Week

Northern Nigeria Flour Mills PLC has announced a plan to pay its shareholders an interim dividend next week.  In a regulatory filing, the flour miller told the Nigerian Exchange that shareholders of its members registered on November 11, 2024, will receive a 50 kobo dividend per share.

Flour Mills of Nigeria Plc controls the largest stake in the company. The board declared that an interim dividend of 50 kobo for every share of 50 kobo, subject to appropriate withholding tax and approval, will be paid to qualified shareholders. The flour mill company revealed that dividends will be paid electronically to shareholders on Tuesday next week. #Northern Nigeria Flour Mills to Pay Dividend Next Week Liquidity: Banks Drive Yield Surge with T-Bills Selloffs