CSCS shareholders approve N4.3bn total dividend for 2019


By Chinyere Joel-Nwokeoma

Shareholders of Central Securities Clearing System (CSCS) Plc, on Friday, approved total dividend of N4.3 billiion declared by the board for the financial year ended Dec. 31, 2019.

The shareholders gave the approval at the company’s virtual 26th Annual General Meeting (AGM) by proxy, held at the Nigerian Stock Exchange (NSE) event centre.

The dividend translated to 86k per share when compared with 70k per share paid in the comparative period of 2018.

Speaking to the shareholders at the meeting, Mr Oscar Onyema, CSCS Chairman, appreciated the resilience of the company and its performance amidst market volatility and waning transaction volumes in 2019.

“This sets of results and impressive returns to shareholders are commendable, particularly when put in the perspective of the relatively weak liquidity in the market in 2019.

“This feat reflects the tenacity of the management in diversifying the business and commitment to cost…

Source: News Agency of Nigeria