Shareholders of Central Securities Clearing System (CSCS) Plc, on Friday, approved a total dividend of N4.3 billion declared by the board for the financial year ended December 31, 2019.
Shareholders of Central Securities Clearing System Plc
The dividend translated to 86k per share when compared with 70k per share paid in the comparative period of 2018. “This feat reflects the tenacity of the management in diversifying the business and commitment to cost efficiency. “My colleagues and I remain committed to our earnings growth and cost efficiency philosophies, as we are driven by the ultimate objective of creating superior value for shareholders and enhancing market efficiencies.
“Notwithstanding the inflationary environment, we closed 2019 with 31.5 per share cost-to-income ratio, demonstrating continuous improvement in cost efficiency. “We have greater and audacious ambitions of partnering with our stakeholders in realising the huge potential of the Nigerian capital market through innovations.
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