An investment in Vitafoam shares is a worthwhile venture.
The
company has a consistent policy on dividend and bonus issue, thus
posting adequate return on investment.Since the initial public issue of
shares in 1978 when the company was listed on the Nigerian Stock
Exchange, investors fund has grown consistently.
The company has been paying dividend every year while seven bonus issues have been made as follows:
| Year |
Ratio |
| 1983 |
1:3 |
| 1991 |
1:1 |
| 1995 |
1:1 |
| 1998 |
1:1 |
| 2000 |
1:2 |
| 2003 |
1:2 |
| 2006 |
1:4 |
An
investor who acquired 10, 000 units of Vitafoam shares in 1978, now has
299,993 units without an additional investment, while still collecting
cash dividends yearly.
Further information can be obtained from our annual report.
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