Custodian Funding Plc has revealed the resolutions handed at its thirtieth Annual Common Assembly (AGM), held on Might 2, 2025, together with the approval of a ultimate dividend of N1.10 per share.
The disclosure was made in an announcement filed with the Nigerian Change (NGX) on Might 8, 2025, and signed by the Firm Secretary, Adeyinka Jafojo.
The accredited ultimate dividend of N1.10 brings the overall dividend for the 2024 monetary 12 months to N1.25 per share and was paid to eligible shareholders on the identical date because the AGM.
On the assembly, Dr. (Mrs.) Omobola Johnson and Mr. Ravi Sharma have been re-elected to the Board of Administrators, reflecting shareholders’ confidence of their management.
Shareholder representatives—Mr. Olaniyi Dada, Chief (Mrs.) Margaret Giwa and Group Captain Bola Sotubo (Rtd.) have been elected to the Statutory Audit Committee.
They be a part of board representatives Mr. Richard Asabia and Mr. Ravi Sharma on the committee.
What to know:
- The dividend of N1.10 interprets to a complete payout of N6.47 billion.
- Based mostly on the share worth of N18, the dividend yield is 6.1%.
- With a price-to-earnings ratio of two.02x in comparison with the business common of two.74x, the corporate seems undervalued.
Q1 2025 efficiency abstract
Custodian Funding Plc launched its unaudited monetary outcomes for the primary quarter ended 31 March 2025.
The corporate reported a pre-tax revenue of N12.3 billion, representing a 3% improve in comparison with the identical interval within the earlier 12 months.
- Retained earnings rose to N100.1 billion, up 11.28% from N89.9 billion recorded in Q1 2024.
Curiosity earnings elevated to N10.3 billion from N6.7 billion within the prior 12 months.
- Of this quantity, N7.9 billion got here from funding earnings, whereas N2.3 billion was earned from name and deposit accounts.
Insurance coverage service income stood at N43.8 billion, a 55.04% year-on-year improve.
- Non-life insurance coverage contributed N24.2 billion, whereas life insurance coverage accounted for N19.6 billion.
Be First to Comment