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Lasaco Assurance proposes N183.4 million dividend payout to shareholders

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Lasaco Assurance

The Board of Lasaco Assurance Plc, one of Nigeria’s leading insurance companies, has proposed a dividend of N183.4 million to shareholders of the company for the twofold increase in profit for last year, 2020.

The company’s Board made this known on Monday, July 26, in a notification published on the website of the Nigerian Exchange Group Limited (NGX), saying that a dividend of 10 kobo per share will be paid on all the issued 1,833,585,855.00 ordinary shares of the company.

The insurer raked in a post-tax profit of N679.357 million from earnings in a year the pandemic’s advance brought the shutters down on businesses and forced global financial services industry to mostly conduct operations away from the office.

LASACO Insurance

L-R: Akin Doherty (non-executive director), Morayo Akinkunmi (company secretary), Maria Olateju Phillips (chairman), Segun Balogun (managing director) and Akinola Odusami (non-executive director)

The company, in the notice, noted that the dividends will be disbursed electronically to qualified shareholders on 30th of August, 2021.

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The Board said: “On 30th August, 2021, dividends will be paid electronically to shareholders whose names appear on the Register of Members as at 5th August, 2021 and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.”

 

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