By Aduragbemi Omiyale
Shareholders of a foremost real estate investment and development company, Afriland Properties Plc, have been given N178.6 million to share as an interim dividend by the firm.
It is the cash reward approved by the board of the organisation after it recorded an impressive half-year performance for the period ended June 30, 2024.
Recall that earlier in the year, Afriland Properties reported a remarkable 150 per cent increase in its full-year dividend payout to shareholders at its 2023 Annual General Meeting (AGM), further underscoring its commitment to delivering exceptional value.
The interim dividend payout amounts to 13 Kobo per share, and according to the company with a portfolio of over N14 billion, this payment is the result of its diversified portfolio of investments and offerings.
“Afriland Properties remains dedicated to leveraging innovative strategies to drive long-term growth while offering end-to-end services across the real estate value chain.
“This interim dividend payment reflects our obligation to enhance shareholder value, which remains core to our strategy,” the Managing Director of Afriland Properties, Mrs Uzo Oshogwe, said as she expressed her appreciation to shareholders for their continuous trust and support.
Afriland Properties has new landmark developments in Abuja and Lagos to meet the growing demand for high-quality homes and commercial spaces.
These efforts aim to reinforce the company’s position as a market leader in the Nigerian real estate sector and ensure sustainable returns for all stakeholders.