Guinness Ghana shareholders to enjoy GH¢0.0138 per share

Shareholders of Guinness Ghana Breweries Limited (GGBL) will enjoy a dividend of GH¢0.0138 per share for the financial year ending, 30th June, 2020.

That will however be subjecting to approval by the shareholders at its Annual General Meeting.

The total dividend to be paid will amount to GHS4.26 million, and it will be lower than the 2019 financial year where a total dividend of GHS9.01 million (GHS0.0293) was paid.

A circular from the Ghana Stock Exchange disclosed that all shareholders registered in the books of GGBL at the close of business on Monday, 2nd November, 2020 will qualify for the final dividend.

The ex-dividend date has however been set as Thursday, 29th October, 2020.

Consequently, an investor purchasing GGBL shares before this date will be entitled to the final dividend.

However, an investor buying GGBL shares on or after Thursday, 29th October, 2020 will not be entitled to the final dividend.

The final dividend will be paid from Friday, 4th December 2020.

2020 Annual Report

GGBL registered a profit of GHS12.1 million in 2020, but a decline in its 2019 earnings of GHS18 million.

As a result, its earnings per share stood at GHS0.040, compared with GHS0.059 in 2019.

Covid-19 impact

Due to the impact of covid-19, GGBL committed GHS10 million to provide customers and trade partners with Veronica buckets and educational materials to ensure that their spaces are safe for themselves and consumers as well.

It also partnered with and extended a hand of support to the Health Promotion Division of the Ghana Health Service as they carry out their mandate to educate and sensitize Ghanaians on the need to adhere to health and safety protocols meted out by the World Health Organization and the Government of Ghana.

Source: Joy Business

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