NAHCO proposes N1.20 as final dividend

Adebayo Obajemu

Nigerian Aviation Handling Company (NAHCO) has declared a final dividend of N1.20 for the year ended 31 December 2022.

The audited report of the Company shows significant growth in its topline and bottom line figures.

A turnover of N16.71 billion was reported for the 12 months period, up by 63% from N10.23 billion reported the previous year.

Profit after tax grew year on year by 246.51% to N2.67 billion from N771.6 million reported the previous year.

Earnings per share of NAHCO stands at N1.37.

At the share price of N9.75, the P/E ratio of NAHCO stands at 7.11x with earnings yield of 14.07%

The qualification date for the proposed dividend is Friday 12th May 2023.

The Register of Shareholders will be closed from Monday 15th May 2023 to Wednesday 17th May 2023

On Friday 26th May 2023, dividends will be paid electronically to shareholders whose names appear on the Register of Members as at Friday 12th May 2023.

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