Mr. Adebayo Adeleke, a shareholder also commended the company’s financial performance, remarked that since 2008, Custodian Investment Plc has never failed to pay interim dividend, saying that since 2008, the company has paid a gross dividend of N20.742 billion to shareholders.
He also commended the company for its consistent growth and asked the board to consider the idea of democratizing the directorship of the company and ensure diversity of electable directors in a bid to accommodate minority shareholders in the boards of subsidiary companies.Other highlights of the AGM are the shareholders’ approval of the final dividend of 50 kobo recommended by the board for approval. The company had earlier paid an interim dividend of 10 kobo per share.
Custodian Investment was incorporated on August 22, 1991, as a private limited liability company under the name, Accident and General Insurance Company Limited. The company got the approval to change its name to Custodian and Allied Insurance Limited on February 5, 1993 while it became a public company on September 29, 2006.
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