Ghana Oil Company Limited (GOIL), a leading indigenous oil marketing company, has declared a final dividend of GH¢0.028 per share for the 2017 financial year. This represents a growth of 12% over the FY2016 figure of GH¢0.025 per share.
Shareholders registered in the books of GOIL at the close of business day on Tuesday, April 24, 2018 will qualify for the dividend. To this end, the ex-dividend date has been set at Friday, April 20, 2018. In effect, any investor who buys shares in GOIL on or after Friday, April 20, 2018 will not be entitled to the dividend declared. The dividend will be paid from May 24, 2018.
GOIL maintained its dividend rate for FY2015 of GH¢0.025 per share in FY2016 in order to fund heavy capital expenditure projects aimed at enhancing the company’s future prospects. Prior to that, the company’s dividend witnessed a steady growth since 2008.