In a statement, the company expressed its commitment to deliver strong and sustainable returns to shareholders as the board approved a total dividend of 65 kobo per share, interim dividend of 10 kobo per share and final dividend of 55 kobo in respect of the result of the 2022 financial year, subject to appropriate withholding tax.
The President of Noble Shareholders Association of Nigeria, Matthew Akinlade, who led other shareholders to give the commendation at the 28th annual general meeting of the company in Lagos, said Custodian Investment is an investor’s delight.Akinlade commended the board and management for turning around the fortunes of UPDC Plc, a subsidiary of the company acquired with 51 per cent equity stake in 2020.
The company’s revenue grew from N825m in 2021 to N5.9bn in 2022, while its profit before and after tax ended the year at N329m and N199m respectively. Also commenting on the 2022 annual report and accounts of the company, one of the shareholders, Mr Adebayo Adeleke, said “This is an investment to hold. Any investor that does not have Custodian Investment’s equity in his investment basket is a kindergarten investor.”
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