Cornerstone Insurance Plc has proposed a final dividend of 27 kobo for the period ended December 31, 2024. The proposed final dividend which will be recommended to shareholders for approval at the company’s forthcoming Annual General Meeting (AGM) will amount a total payout of N4.904billion as against N2.906billion which the company paid in 2023 when it declared 16 kobo dividend per share.
Cornerstone Insurance has 18.166billion shares outstanding. According to the register of members at December 31, 2024, no shareholder of Cornerstone Insurance Plc held more than 5 percent of the issued share capital of the Company except: Capasure Limited which holds 5,547,786,518 units or 30.54 percent, and Banc-Assure Limited which held 8,803,503,588 units or 48.46 percent.
Capasure Limited and Banc-Assure Limited will be paid 79 percent of this proposed final dividend amounting to N3.86billion. Capasure Limited will get about N1.48billion as final dividend from Cornerstone Insurance while Banc-Assure will receive about N2.38 billion as dividend from Cornerstone Insurance Plc.
