Central Securities Clearing System Plc has stated it’ll pay a complete dividend of N5.85bn to its shareholders for the monetary yr 2020, 36 per cent larger than the N4.3bn dividend paid within the earlier yr.
Its shareholders permitted on the Annual Basic Assembly on Tuesday the N1.17 dividend per share proposed by the board, in comparison with N0.86 dividend per share in 2019.
CSCS stated the dividend can be paid to all qualifying shareholders who held shares on the shut of enterprise on Could 10, 2021.
Talking on the efficiency of the corporate, the Chairman of the Board of Administrators, Mr Oscar Onyema, stated regardless of the challenges in 2020, CSCS emerged stronger, delivering excellent development in prime line and backside line, and executing far-reaching initiatives that might sustainably strengthen the competitiveness and resilience of the enterprise.
He stated, “Rising revenue by over 41 per cent in such a difficult yr to ship 20.3 per cent return on common fairness, the Board of Administrators is greater than ever upbeat on the worth accretive prospects of CSCS.
“Extra importantly, we’re enthusiastic on the progress made to this point in repositioning the enterprise to effectively play a extra lively and main function in deepening the Nigerian capital market. With steady investments in new applied sciences, expertise, and work atmosphere, we anticipate productiveness to develop, because the board continues to work with the Administration to exceed stakeholders’ expectations.”
The Managing Director/Chief Govt Officer, Mr Haruna Jalo-Waziri, stated, “These spectacular outcomes replicate our enhanced collaboration with completely different stakeholders and their unflinching assist and loyalty to CSCS, because the core infrastructure for the Nigerian capital market.
“Therefore, my colleagues and I are excited to dedicate this efficiency to our esteemed individuals, regulator and the Board of Administrators, whose assist saved us stronger by the pandemic. We’d proceed to spend money on our collective goal of deepening the capital market and broader monetary system, whilst we search new and environment friendly methods of enhancing our partnerships for mutual prosperity.”
“Having laid a strong basis over the previous three years, we’re greater than ever optimistic on the prospect of our enterprise, particularly as we diversify the enterprise for enhanced resilience in opposition to macro and market volatilities. The years forward look difficult, albeit extra promising than ever, as we reinforce our dedication to leveraging best-in-class applied sciences and our steady investments in human capital in delivering worth to all stakeholders.”
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