Shareholders of the FBN Holdings have approved a total dividend of N13.64bn declared by the company for the financial year ended December 31, 2019.
The dividend translated to 38k per share, compared with 26k paid in the comparative period of 2018.
The Chairman, Board of Directors of FBN Holdings Plc, Dr Oba Otudeko, stated this on Monday in his address to shareholders at the 8th annual general meeting held in Lagos.
He said in 2019, FBN Holdings deepened its efforts to realise revenue and “a 42 per cent increase in synergy revenue was recorded during the financial year.
This, he said highlighted the group’s enhanced ability to address customers’ needs through its thriving subsidiaries.
“It is important to highlight that the Board of Directors and Management of FBN Holdings will ensure that all our operating entities have sufficient resources (financial and non-financial) to grow their businesses, deepen market penetration and enhance overall shareholder value,” Otudeko said.
He stressed the group’s resolve to place its shareholders’ value at the forefront of its operations, noting that it was positioned to remain relevant in the future.
He said the group was also involved in the development of the Nigerian economy and its host countries across Africa.
The chairman noted that the year 2020 marked the beginning of another three-year strategic planning cycle for the group.
— Punch