Vitafoam Proposes Record N1.375 Billion Dividend as Gross Profit Hits N30 Billion

Vitafoam Nigeria PLC has proposed a N1.375 billion dividend payment for approval by shareholders at its upcoming Annual General Meeting on March 6, 2025, following a gross profit of N30 billion in the latest period.

Vitafoam Nigeria PLC has proposed a significant dividend payout of N1.375 billion to its shareholders, representing a gross profit of N30 billion for the year. This proposed dividend rate works out to N1.05 per share. The company's 63rd Annual General Meeting is scheduled to take place on March 6, 2025, where shareholders will have the opportunity to vote on the proposal. Vitafoam's proposed dividend payout highlights the company's strong financial performance and commitment to distributing excess profits to its investors.