Pz Cussons Announces 15k Cash Div Despite Low Performance Indices

Ratings: Buy (Long)

TDL-Value: N23.22

Key Financial Ratios

• Dividend Information
  • Final Cash Dividend: 15k
  • Qualification Date: 21^st September, 2018
  • Closure of Registrar: 24^th – 28^th September, 2018
  • Payment Date: 19^th October, 2018
  • Dividend Yield 1.00%
  • Payout Ratio: 30.90%
  • SSGR: 2.95%
• The result was a down performance against comparable year’s financial performances
• Turnover (TO) figure improved marginally by 2.99% having moved from N78.215 billion in 2017 to N80.552 billion in the current year.
• Operating Profit therefore dropped by 37.74% against comparable year
• Similarly, both Profit before and after Tax dipped against what was reported in the previous year.
• Due to the low profit growth profile, Retained earnings reduced by marginal 0.33% compare to the amount reported in 2017 financial year
• Thus, the management of Pz Cussons only managed to reward its investors by 15k as against the 50k paid last year.
• See Below for other valuation ratios;