Nigerian Breweries management approves N7.52bn for shareholders

Shareholders of Nigerian Breweries Plc, Nig has approved the dividend payout of N7.52 billion for the 2020 financial year.
The shareholders gave this approval at the 75th Annual General Meeting of the company held at MUSON Centre in Lagos recently.
The company assured the shareholders of its commitment to mprove the return on their investments.
The Shareholders saud that the total comes due to the impression performance recorded by the company for the 2020 financial year.
They stated that the 2020 results strongly the company’s stability and its resilience in the face  challenges in the economy.
Speaking during the Q and A section of the meeting, shareholders commended  the company for paying at hard times when sone companies find it difficult to pay dividends to their shareholders.
One of the shareholders, Mr. Boniface Okezieat the meeting hailed the board and management of Nigerian Breweries Plc for helping to maintaining a strong balance sheet.
He said that, the fact that the company remains competitive despite the huge impact of the COVID-19 pandemic
“Despite the impact of the recession and COVID-19 pandemic, the company was still able to maintain stability. This goes to show the quality of leadership at the company. I must confess that the board and management have done well to keep to its promise of paying dividends. We can only hope that they keep up the tempo so that we can receive higher dividends in the next financial year”, he said
In his remarks at the meeting, the Chairman of Nigerian Breweries Plc, Chief Kola Jamodu said that each shareholder would receive a final dividend of N0.69k at an ordinary share of 50k,