News Column

Fidson Offers 10 Kobo Dividend, As Index Rebounds

July 4, 2014

Bamidele Ogunwusi

Shareholders of Fidson Healthcare will on July 17, 2014, at the Annual General Meeting (AGM) vote to approve the board's offer of 10 kobo dividend per share.

The closure of register for the purpose has been fixed for July 7 and 11, 2014; while payment is scheduled for July 18.

Meanwhile, there was a rebound in the basic indicators of the Nigerian Stock Exchange (NSE), as equities capitalisation closed at N14.095 trillion after appreciating by N25.462 billion.

The All-Share Index rose 77.11 basis points or 18 per cent to close at 42,686.86 points, after Dangote Cement, the exchange's biggest company by market capitalisation led the gainers, appreciating by 450 kobo. It was followed by Guinness Nigeria's 219 kobo; Lafarge Cement WAPCO grabbed 198 kobo; Unilever Nigeria notched 100 kobo; while Caverton Offshore Support Group added 56 kobo to its share price; among others.

Nestle Nigeria led 33 others on the laggards' table when it shed N55.00; followed by Mobil Oil, which shed 225 kobo; UAC of Nigeria lost 185 kobo; its sister company, Chemical and Allied Products went down by 151 kobo; while Ashaka Cement declined by 50 kobo; among others.

However, investors traded a total of 570.824 million shares, valued at N8.355 billion in 5,224 transactions, as against the .936 million shares worth N4.477 billion which changed hands in 5,488 transactions.

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: AllAfrica

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