Nigerian breweries declares n16 07 billion dividend payout for 2019

That's a significant news!

According to reports, Nigerian Breweries Plc, a leading brewing company in Nigeria, has declared a dividend payout of N16.07 billion for the year 2019. This is a significant increase from the N13.35 billion dividend payout declared in 2018.

The dividend payout is equivalent to 240 kobo per share, which is a 14.5% increase from the 210 kobo per share declared in 2018. This is a testament to the company's strong financial performance and commitment to rewarding its shareholders.

Nigerian Breweries Plc is a subsidiary of Heineken International, a global brewing company. The company has a long history in Nigeria, dating back to 1949, and is one of the largest breweries in the country. The company's portfolio includes popular brands such as Star Lager, Gulder, and Castle Lager, among others.

The dividend payout is subject to the approval of the company's shareholders at its upcoming Annual General Meeting (AGM).