Conoil shareholders set for juicy 2022 dividends
Shareholders of Conoil Plc have given their approval to a final dividend payout of N1.734 billion ($2.1 million), as proposed by the company's board of directors for the 2022 financial year. This dividend, which received unanimous support from shareholders during the company's 53rd Annual General Meeting held in Uyo, Akwa Ibom State over the weekend, translates to N2.50 per share.
Speaking to shareholders during the AGM, Dr. Mike Adenuga (Jnr), the Chairman of Conoil Plc, expressed the company's unwavering commitment to creating significant value for its shareholders. He also emphasized the company's dedication to ensuring that its share price continues to ascend.
Looking forward, Dr. Adenuga acknowledged the potential challenges arising from the rapidly changing geopolitical and socio-economic landscape. Nonetheless, he affirmed that Conoil would remain focused on the strategies that have consistently yielded the highest dividends for the company.
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