Shareholders of Unilever Nigeria endorse dividend payment of N4.309bn


Shareholders of Unilever Nigeria Plc have approved  a full-year dividend of N4.309 billion for the 2023 financial year

The amount translates to a dividend payout of 75 kobo per share.

The shareholders gave this approval in Lagos during the company’s 99th Annual General Meeting (AGM) 

The dividend recommended by Board of Directors for a full financial  year represents a 200 per cent  increase compared with the 25 kobo the company paid in the preceding year.

Speaking in Lagos at the AGM the Acting Chairman of the Board of Directors at Unilever Nigeria Plc, Mr. Micheal Ikpoki thanked all the  shareholders for their support throughout the year despite the challenging environment experiencing in the country last year.

He assured that the Board and Management will continue to adopt strategies that will fostering growth and navigating the tides as the Company steers toward more success.

He said “Our resolve as a business is to continue to take strategic decisions that will improve our operational efficiencies to meet citizens needs through our brands, our people, and our operations.”

On the performance of the company during the reviewed year,  the Managing Director of Unilever Nigeria Plc, Mr. Tim Kleinebenne said “the achievement in the year under review is reflective of a collaborative effort from all key stakeholders and improved operational performance, and greater investment in our brands, supply, and distributions, to ensure we meet the needs of consumers across channels.

“We are pleased with the results for 2023. It speaks to the impact of the strategic choices we make daily about our operations to better serve the consumers with our best locally produced brands that contribute to improving their health and hygiene,” he said.

Kleinebenne, however said the company had reached its 100-year milestone in Nigeria in 2023, it is  becoming the longest-serving manufacturing company in Nigeria.,

“We believe in Nigeria and reaffirm our long-term view of the opportunities that outweigh the challenges. 

With our resilience, agility, partnership, and commitment of the government on the ongoing reforms through strategic choices, policy formulation, and implementation, gradually a better Nigeria will emerge.” he added