Business Journal


Unilever Nigeria Plc: Keeping Shareholders Smiling with N5.29bn Dividend

Following 2011’s impressive business results, Unilever Nigeria Plc’s shareholders received a dividend of N1.40 per share at the Company’s 87th Annual General Meeting held in May 2012.
The dividend payout amounted to N5.29billion (about €24million).
According to the Chairman of Unilever Nigeria Plc, His Majesty Nnaemeka Achebe, the Obi of Onitsha, he was pleased with the Company’s results despite the very challenging operating environment in 2011.
“I am pleased to announce that your company has fared well despite daunting global and local economic circumstances, which were further compounded by the resurgence of violence and insecurity, especially in the northern parts of Nigeria,” he stated at the occasion.

Unilever Nigeria grew Turnover by 16.9 per cent compared to 5.2 per cent in 2010 while earnings per share increased by 31 per cent from N1.11 per share in 2010 to N1.45 per share in 2011. Operating margin also improved from 14.5 per cent in 2010 to 15 per cent in 2011.
Also delighted by the results, the National Chairman of the Progressive Shareholders Association of Nigeria, Mr. Boniface Okezie, noted that Unilever Nigeria had done well despite the socio-economic challenges, adding that he was excited to see the company making further investments to position it for better results in 2012.
The Unilever Commitment: “Millions of people choose our brands. Our challenge is to offer consumers the healthy choice without compromising taste, convenience and affordability.
From sumptuous soups to sensuous soaps, our products all have one thing in common. They help you get more out of life.”
Unilever Sustainable Living Plan aims to help everyone enjoy a good quality of life while respecting the Planet.
The three big goals to achieve by 2020:
• Halve the environmental footprint of our products
• Help more than 1 billion people take action to improve their health and well-being
• Source 100 per cent of our agricultural raw materials sustainably

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