Interim Dividend: Forte to Pay Shareholders N1.15k on June 10

Forte Oil
  • Interim Dividend: Forte to Pay Shareholders N1.15k on June 10

Following board approval, Forte Oil has announced that the indigenous oil company will pay investors an interim dividend of N1.15k per share on Monday, June 10, 2019, for the first quarter of the year.

In a statement released on Thursday, the oil company said the dividend is for shareholders whose names appear in the register of members as at the close of business on Monday, June 3, 2019.

The statement further stated that the interim dividend was a subject to appropriate withholding tax and approval.

According to the firm, register of shareholders would be closed from June 4 to 7, 2019, while shareholders who have completed the e-dividend registration and have requested the Registrar to pay their dividends directly into their bank accounts would receive the payment.

Shareholders are advised to complete the e-dividend mandate form and forward to the Registrar, Veritas Registrars located in Lagos.

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York based Talk Markets and Investing.com, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]; Tel: +2347065163489.

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