Shareholders of Lafarge Africa Plc have approved N15.86 billion recommended by the company’s board of directors for the 2014 financial year.
The shareholders gave the approval at the company’s 56th Annual General Meeting (AGM) held in Lagos on Friday.
The dividend translated to N3.60 per share compared with N3.30 declared in the corresponding period of 2013 or a growth of nine per cent.
Sunny Nwosu, the National Coordinator, Independent Shareholders Association of Nigeria (ISAN), lauded the company for the dividend declared in spite of challenging operating environment.
Nwosu said the company should consider a bonus issue in the current year to compensate shareholders for …Read More
Source:: New Mail