Nigeria, April 3 -- Custodian Investment Plc will hand shareholders N6.5 billion in final dividend payments for last year, which translates to N1.10 per share, the investment group announced on Wednesday.

The company, whose operations encompass insurance, pensions, trusteeship and real estate, earlier rewarded shareholders with an interim dividend of N0.15 per share, putting it on track for a total payout of N7.4 billion for the financial year 2024.

That compares to the N4.7 billion (N0.80 per share) it paid shareholders for the preceding year.

The cash payment is "subject to appropriate withholding tax and approval" and "will be paid to Shareholders whose names appear in the Register of Members as at the close of business on April 14,...