Unilever Nigeria Plc. has rewarded its shareholders with a dividend pay-out of N1.25 gross per share for the 2013 financial year.
Shareholders of Unilever at its 89th annual general meeting in Lagos approved a dividend pay-out of N1.25 per share payable to all investor whose names appeared in the company register come 16th May, 2014.
Shareholders while commending the company for rewarding them handsomely asked for more returns on investment through bonus payout even as they unanimously endorsed KPMG as the company’s independent auditor.
The President of Independent Shareholders Association (ISAN), Mr Sunny Nwosu, said that despite the challenging business environment the company went ahead to declare dividend.
According to him the gesture is a welcomed development and must be applauded, adding that it is expecting that next year will be better year for the company.
Addressing shareholders at the meeting the Chairman of Unilever Plc, Chief Nnaemeka Achebe (Obi of Onitsha ) stated the company will continue to drive implementation of the electronic dividend and electronic bonus payment system in other to reduce the incidence of unclaimed dividends and share certificate.
On future outlook he said that the company will have to sacrifice a short term profitability to build a more enduring business and fully harness the opportunities in the Nigeria market potentials.
He further said that as the company maintained single-minded focus on its consumers strengthening core categories, driving cost and complexity reduction with rigour, building people capacity and a fit organization and leveraging its Unilever sustainable living plan (USLP).