Companies to receive awards for dividend payment

Companies to receive awards for dividend payment

Securities and Exchange Commission The board of directors of Third Observers Nigeria Limited has concluded arrangements to present awards to quoted companies that delight investors with good dividend payouts. The awards ceremony is scheduled for next week in Lagos.

The theme for second edition of the awards is: How Regulations Protect Investments and Help Secure Dividend. The key presenters of the theme are from the Securities and Exchange Commission (SEC) and Investments and Securities Tribunal (IST).

The 2019 award winners are the companies that have paid dividend for a minimum of 10 years and above. These include Nigerian Breweries, Vitafoam Nigeria, Nigerian Aviation Handling Company (NAHCO), FBN Holdings, FCMB Group, Unilever Nigeria and CAP among others. There are 52 award winners with the awards ranging from bronze, silver and gold.

Managing Director, Third Observers Nigeria Limited, Abiodun Ayodele said the yearly awards ceremony was established to highlight dividend payment performances of listed companies in Nigeria with the core objective of encouraging both the investors and the paying companies.

He noted that by showcasing outstanding performances of dividend-paying companies, other non-dividend paying companies will be encouraged to catch up with their peers.

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