INDICATIONS emerged last week that construction industry and mortgage firms may have jerked up investment opportunities in the new financial year, following positive returns on investments release last week by notable firms in the stock market.
In fact, it was revealed that construction, mortgage, building material and even pension administrators had good yield signs from investments made in the past year.
For instance, major construction and building sector operators like Julius Berger Nigeria, Ashaka Cement, and Abbey Building Society, offered shareholders additional dividend, while Director-General, Pension Commission (Pencom), Alhaji Muhammad Ahmed, has said that about eight per cent of pensions assets has been invested in real estate.
Particularly, construction giant, Julius Berger Nigeria, which will hold its annual general meeting in Abuja on July 8, is seeking the approval of the company’s shareholders for a proposed dividend of 200 kobo for every share to its shareholders.