Shareholders approve Lafarge Africa N13.01b dividend payout 5 mins ago
Lafarge Africa Plc For increasing value on investment through dividend payout, shareholders of Lafarge Africa Plc, has commended the board for its 2017 performance, as they approve a total N13.01billion dividend. The dividend of N1.50 kobo per share paid represents 45kobo increase compared to the N1.05kobo dividend declared for the 2016 financial year. Speaking on behalf of the shareholders at the Lafarge 2017 yearly general meeting in Lagos, on Wednesday, the National Chairman, New Dimension Shareholders Association, Patrick Ajudua, also commended management for the success of the just-concluded rights issue. He urged the company to ensure that the subsidiary contributes to the bottom-line, to enable it consolidate on the performance and improve liquidity. Reviewing its performance, the Chairman, Mobolaji Balogun, said the dividend payout is in appreciation of the support shown by the shareholders so far and a worthy return on their investments. “The Board of Director...