Nigerian Breweries declares 40 kobo interim dividend in Q3 2022

Nigerian Breweries has declared an interim dividend of 40 kobo for the 9 months ended 30 September 2022. The Unaudited Financial Statement of the company shows year on year growth in its top line and bottom line figures.

The group reported a turnover of N393.449 billion for the 9 months period, up by 27.21% from N309.281 billion reported the previous year.

Profit after tax grew year on year by 79.58% to N14.755 billion from N8.217 billion reported in Q3 2021.

Earnings per share of Nigerian Breweries stands at N1.79, up by 79.58% from the EPS of N1 achieved the previous year.

At the share price of N41.8, the P/E ratio of Nigerian Breweries stands at 23.49x with earnings yield of 4.29%.

Qualification date for the interim dividend is 23rd November, 2022.

Closure of Register is from Thursday, 24th November, 2022 to Wednesday, 30th November 2022 (both dates inclusive).

On 1st December, 2022, interim dividends will be paid electronically to Shareholders whose names appear in the Register of Members as at close of business on the 23rd November 2022 and who have completed the e-dividend registration mandating the Registrar to pay their dividends directly into their bank accounts.

Source: Nigerian Breweries declares 40 kobo interim dividend in Q3 2022 – StocksWatch (stocksng.com)

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