News Column

Unilever Shareholders Approve N4.72 Billion Dividend

May 16, 2014

Bamidele Ogunwusi

Shareholders of Unilever Nigeria Plc on Thursday unanimously approved the N4.729 billion or N1.25 per share dividend offered by the company for the year ended December 31, 2013, just as the company promised that it will continue to expand its business to satisfy its consumer.

Chairman of the company, Igwe Nnaemeka Achebe said Unilever has performed extremely well in the year and will continue to add value to shareholders.

According to him, the "company defied the challenging national and economic circumstances with strategic actions and investments which enabled it to weather the storms and deliver continued value to all its stakeholders.

"Unilever has emerged a stronger business and we are more than ever fit to win in the market place, and our 2013 performance has positioned us to further withstand adverse business operating environment into the future."

He also assured shareholders that the measures taken so far to transform the company would enhance its profitability as well as enhance shareholders' value on investment.

"Our sustained investments will continue to yield strong results and better innovations which will enable us to continue to meet and exceed consumer expectations at all times," he stated.

The shareholders, who gave their approval in Lagos, also commended the company for its performance in the year under consideration. They added that the company was able to pay dividend despite the harsh operating conditions that most companies were facing.

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Source: AllAfrica