Lasaco Assurance proposes N183.4 million dividend payout to shareholders

The Board of Lasaco Assurance Plc, one of Nigeria’s leading insurance companies, has proposed a dividend of N183.4 million to shareholders of the company for the twofold increase in profit for last year, 2020.

The company’s Board made this known on Monday, July 26, in a notification published on the website of the Nigerian Exchange Group Limited (NGX), saying that a dividend of 10 kobo per share will be paid on all the issued 1,833,585,855.00 ordinary shares of the company.

The insurer raked in a post-tax profit of N679.357 million from earnings in a year the pandemic’s advance brought the shutters down on businesses and forced global financial services industry to mostly conduct operations away from the office.

The company, in the notice, noted that the dividends will be disbursed electronically to qualified shareholders on 30th of August, 2021.

The Board said: “On 30th August, 2021, dividends will be paid electronically to shareholders whose names appear on the Register of Members as at 5th August, 2021 and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.”