University Press Announces Dividend of 35kobo Per Share (7.6% Dividend Yield)

UNIVERSITY PRESS PLC just announced dividend proposed for the Year Ended March 31, 2014. Here are the details;

Proposed Dividend – 35 kobo per share

Proposed Bonus -Nil

Closure Date – 1st – 4th September , 2014

AGM Date –  25th September, 2014 

Payment Date – 25th September, 2014 

AGM Venue –  KAKANFO CONFERENCE CENTER,1 Nihinlola street, Joyce B road, off Ring Road, Ibadan.

The proposed dividend suggest a yield of 7.6% based on todays (8/7/14) price of N4.55. University press as risen by just 2.8% in the last one year. Earnings per share is 54.22 kobo (N233.9m) compared to 60.43 kobo the year before (N260.7m). Price earnings ratio is 8.39x.