NICOL Investment PLC Announces Significant Dividend Increase for Shareholders
Shareholders of NICOL Investment PLC have unanimously approved a substantial dividend payout of 4.3 billion shillings, set for distribution in September. This marks a remarkable 38 percent increase from the previous year’s dividend.
During the company’s 11th Annual General Meeting, held in Arusha, shareholders celebrated the company’s robust financial performance. The approved dividend of 70 shillings per share reflects the organization’s strong market position and consistent growth strategy.
The company’s financial results are particularly impressive, with the NICOL Group reporting a profit of 9.1 billion shillings for the year ending December 31, 2024, compared to 6.8 billion shillings in the previous period. The current share price stands at 1,850 shillings, demonstrating significant value appreciation.
Leadership emphasized the company’s commitment to exploring additional profitable ventures and maintaining steady growth. The dividend payment is scheduled to be credited directly to shareholders’ registered bank accounts on September 24.
Shareholders expressed enthusiasm about the company’s performance, with many highlighting the attractive investment opportunity. The leadership has positioned NICOL as an appealing option for potential investors, particularly through strategic investments in commercial properties and consistent dividend returns.
The meeting also sparked discussions about broader investment education, with shareholders advocating for early financial literacy to encourage more citizens to participate in local economic growth.
