NPF Microfinance Bank to Pay Dividend to Shareholders
NPF Microfinance Bank Plc has declared a final dividend of 12 kobo per 50 kobo ordinary share for payment to shareholders after notice of earnings growth.
In a regulatory filing, the only Nigerian microfinance bank listed on the Nigerian Exchange said its dividend payment is subject to appropriate withholding tax and approval.
In its audited result for financial year 2023 released, NPF Microfinance recorded N1.019 billion as profit after tax, up from N882 million in the comparable year 2022.
The sum will be paid to shareholders whose names appear in the Register of Members as at the close of business on 7″October 2024, NPF Microfinance bank told regulator
On 1″November 2024, dividend will be paid electronically to shareholders whose names appear on the Register of Members as at 7h October 2024 and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts, NPF Mfb said.
The microfinance bank will be meeting with shareholders at annual general meeting scheduled to hold on Oct 31 to seek approval to make dividend payment.
Total asset climbed to N44.890 billion at the end of 2023 on the back of significant increase in cash and cash equivalent from N34.5 billion in financial 2022.
Following the dividend announcement, the microfinance bank share price was steady at N1.68 on the Nigerian Exchange on Wednesday. # NPF Microfinance Bank to Pay Dividend to Shareholders FX Stability: CBN Sells 122.671m Dollars to 46 Authorised Dealers
