Afriland Properties pays N343.5m total dividend in 2023

The Board of Afriland Properties Plc, have approved a full year dividend payout totaling N343.5 million for the 2023 financial year.

The total dividend translates to N0.25 per ordinary share held by investors. The company annual report for the period showed that dividend recommended by board of directors  increased by 150 per cent compared with N0.10 paid the previous year.

The shareholders while giving approval at the company’s 11th  Annual general meeting which held virtually commended the board and management for steady growth of the firm.

They urged them to adopt good strategy that will enable the company sustained growth profile and give good reward to shareholders  at the end of the year.

Speaking at the meeting, Managing Director/Chief Executive Officer of Afriland Properties Plc, Uzo Oshogwe, while highlighting some of the company plans on further diversification of its development portfolio in 2024 financial year said  one of the drivers contributing to the firm’s robust financial performance was  the completion of the company’s proprietary projects.

The Chairman of Afriland Properties Plc, Emmanuel Nnorom, said that the significant growth achieved in the 2023 financial year  is evidence that the company is committed to creating value for all stakeholders.