Shareholders Approve Unilever 5 kobo Dividend

Yaw Nsarkoh

Shareholders of Unilever Nigeria Plc, today in Lagos approved the 5 kobo proposed dividend by the board of directors for the financial year ended December 31, 2015. The total dividend which stood at N189.2 million is less than 10 kobo that was paid to shareholders in 2014 accounting year.

According to the company shareholders accounts will be credited tomorrow Friday May 13, 2016. Addressing shareholders at its 91st Annual general Meeting (AGM) in Lagos, chairman of the company His Majesty Nnaemeka Achebe, the Obi of Onitsha said that although 2015 was a challenging year for businesses in Nigeria particularly within the manufacturing sector, Unilever remains committed to delivering returns to its shareholders.

Our company performance demonstrates our entrenched values of creating a brighter future for stakeholders and for our consumers through brands that make them feel good, look good and get more out of life. The chairman pointed out that even in this period of economic downturns, they plans to continue to invest heavily in their factories, people, processes and brands in order to continue to build the needed capabilities to win into the future.

He said as a company, they will continue to appreciate the resilience and unwavering commitments of all stakeholders through these challenging period.

On his part the Managing Director Mr Yaw Nsarkoh, noted that all the areas of concerns that was raised by shareholders will be addressed particularly the cost of finance and the need to capture more market in the consumer goods space. However, Unilever first quarter result for the period ended March 31, 2016 shows that turnover grew by 12.5 percent while profit after tax was up by 76 percent.

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