Custodian and Allied insurance grows profit by 37%, declares dividend payout of N2.47m

Custodian and Allied Plc, a leading non-bank financial institution quoted on the Nigerian Stock Exchange (NSE) with investments in life and non-life insurance, pension fund administration, trusteeship and property holding businesses, has announced an impressive audited result for the year ended 31st December 2017.

The Group’s profit after tax improved by 37% from N5.3 billion achieved in 2016 to N7.3 billion.

In the statement filed with the Nigerian Stock Exchange, the directors have recommended the payment of a final dividend of 32 kobo for every 50-kobo ordinary share of the company had paid earlier an interim dividend of 10kobo per share making a total payment of 42 kobo per share in respect of the company’s result for the year ended December 31st, 2017, subject to approval of shareholders at the forthcoming Annual General Meeting.

The Company has consistently paid dividends to its shareholders every year for the past 20 years.

Report by Adesola Afolabi