Nigeria: Bua Cement Raises Hopes of Shareholders

11 November 2020

Goddy Egene writes that with a growth of 24 per cent in profit after tax in the nine months ended September 30, 2020, shareholders of BAU Cement Plc are to receive good returns at the end of the financial year When investors stake their money in shares at the stock market, they expect to get returns in form of capital appreciation or dividend payment. Given the unstable economic environment, the performance of many companies has become unpredictable. Consequently, returns on investments in terms of dividend, have equally been irregular. However, there are some companies that have ensured that shareholders get regular dividend payment and BUA Cement Plc is among those companies.

The company has raised the hopes of shareholders that at the end of the financial year, December 31, they would be sure of getting handsome dividend. This assurance came from the impressive nine months results recorded by the cement manufacturing company.

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