the shareholders of cornerstone insurance percent have applauded the dividend charge of 5 kobo according to regular proportion of fifty kobo paid with the aid of the insurer in its 2021 monetary 12 months, whilst calling for development in dividend payment in the modern-day accounting 12 months(2022).
the shareholders, who spoke on the employer’s annual wellknown assembly (agm) which held bodily and physically in lagos lately, urged the board to make certain they deliver more values to shareholders and investors within the subsequent years beforehand.
a good shareholder, nona awo, even as appreciating the efforts installed vicinity by means of the board to generate a gross premium profits (gpi) of n20.nine billion and 5kobo dividend declared, entreated the board to enhance in the region of giving right returns on shareholders’ investment.
in addition, the president, nigerian shareholders’ harmony affiliation (nssa), timothy adesiyan, applauded the corporation for an exceptional financial performance amid the financial headwinds, while he gave kudos to the control of the company for providing jobs for qualified nigerians.
on his component, the chairman, impartial shareholders association of nigeria (isan), anthony omojola, liked the firm for the dividend payout at a time most agencies aren’t deliberating shareholders’ welfare.
in advance, the chairman, cornerstone coverage percent, segun adebanji, applauded the shareholders for his or her continuous support closer to the growth of cornerstone insurance, promising that the agency will now not allow them to down.
responding to the call for boom in dividend price, he stated, the insurer has constantly strived to enhance on its effects 12 months-on-year basis, pointing out that, the destiny outlook seems promising, notwithstanding the hard business running environment, as a result, the shareholders ought to be positive of a higher dividend payment next time.
meanwhile, the organization coping with director, ganiyu musa, stated: “we are indeed grateful to all our esteemed clients (institutional, retail and the broking community) for their non-stop patronage and for entrusting us with all their danger management desires.
“those, coupled with the ingenuity and resolve of our personnel and our commitment to terrific provider shipping have made us one of the leaders in nigeria’s coverage enterprise.”