{"id":57807,"date":"2022-04-12T13:37:18","date_gmt":"2022-04-12T12:37:18","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=57807"},"modified":"2022-04-12T13:37:18","modified_gmt":"2022-04-12T12:37:18","slug":"2021-fy-nb-plc-to-pay-n12-93-billion-dividend-to-shareholders","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/2021-fy-nb-plc-to-pay-n12-93-billion-dividend-to-shareholders\/","title":{"rendered":"2021 FY: NB Plc To Pay N12.93 billion Dividend To Shareholders"},"content":{"rendered":"<p>The Board of Directors of Nigerian Breweries Plc, Nigeria\u2019s foremost brewer, has recommended a total dividend valued at N12.92 billion for its shareholders for the 2021 financial year.<\/p>\n<p>The recommendation represents a 100 percent payout with a total dividend of N1.60k per ordinary share of 50kobo each.<\/p>\n<p>Having been paid an interim dividend of N0.40k in December 2021, shareholders of the company are expected to receive a final dividend of N1.20k each on 22nd April 2022.<\/p>\n<p>Speaking at the Pre- AGM media briefing held in Lagos on Thursday, April 7, 2022, the Managing Director of the company, Mr. Hans Essaadi, described the 100 percent dividend payout recommendation as clear evidence of the company\u2019s commitment to delivering superior value to its shareholders in terms of dividends.<\/p>\n<p>The company\u2019s 2021 financial year result shows that it recorded net revenue of N437.20 billion against the N337.01 billion recorded in the previous year.<br \/>\nEssaadi further explained that the improved performance for the year could be attributed to the growth of other income for the financial year, which grew from N0.83billion to N4.63Billion between the corresponding period in 2020 and the current year.<\/p>\n<p>\u201cAs a company, we are committed to delivering values to our stakeholders, people, community, trade partners, consumers, and most especially our shareholders by continuing to deliver good financial results and give good returns on investments despite the challenge economic and operating environment,\u201d Essaadi stated.<\/p><div data-ad-id=\"32665\" style=\"text-align:center; margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;float:none;\" class=\"afw afw_ad_image afw_ad afwadid-32665  \">\r\n                                                            <div style=\"font-size:10px;text-align:center;color:#cccccc;\">Advertisement<\/div>\r\n\t\t\t\t\t\t\t<a target=\"_blank\" href=\"http:\/\/www.accessbankplc.com\" rel=\"nofollow\"><img decoding=\"async\" height=\"auto\" max-width=\"100%\" src=\"https:\/\/nationalwire.com.ng\/wp-content\/uploads\/2019\/06\/Banner-1.jpg\"><\/a>\r\n                                                                        \r\n\t\t\t\t\t\t\t<\/div>\n<p>According to the FY result for 2021, marketing, distribution, and administrative expenses experienced a sharp rise from N89.66billion in the 2020 financial year to N123.14billion in the current financial year, representing a 37.3% increase.<\/p>\n<p>A breakdown of the audited results shows that its Profit after Tax (PAT) increased significantly from N7.52billion to N12.93billion between the just-ended financial year and the previous year<\/p>\n<p><strong>About Nigerian Breweries PLC:<\/strong><br \/>\nA member of the HEINEKEN Group, Nigerian Breweries Plc is the pioneer and largest brewing company in Nigeria. Incorporated in 1946 as &#8220;Nigerian Brewery Limited,\u201d the company made history in June 1949 when the first bottle of STAR lager beer rolled out of its Lagos brewery bottling line. Today, it has a rich portfolio of 19 high-quality brands (such as Heineken, Desperados, Maltina, Life, Amstel Malta, Gulder, Fayrouz, and Legend) produced from 9 breweries and two malting plants which are distributed nationwide.<\/p>\n<p>Nigerian Breweries is also a recipient of several awards and recognition in other areas of its operations, including product quality, marketing excellence, productivity and innovation, health and safety, corporate social responsibility, and sustainability.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The Board of Directors of Nigerian Breweries Plc, Nigeria\u2019s foremost brewer, has recommended a total dividend valued at N12.92 billion for its shareholders for the 2021 financial year.<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":6,"featured_media":34416,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[1774],"coauthors":[2391],"class_list":["post-57807","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-nigerian-breweries"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.9 - 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