Several prominent Nigerian companies have disclosed their final dividends for the fiscal year ending December 31, 2023, rewarding their shareholders with generous payouts.
Dangote Cement, one of the country’s largest cement manufacturers, has declared a final dividend of N30 per share. This payout will be available to shareholders whose names appear on the company’s register by April 15, 2024. The company has also clarified that dividends will be paid electronically to those who have completed their e-dividend registration. Payment will be made by May 31, 2024, to shareholders who meet these conditions.
Similarly, BUA Foods, a leading player in the food production industry, has proposed a final dividend of N5.50 per share. Shareholders who are listed in the company’s register by August 23, 2024, will be eligible for this dividend. BUA Foods also plans to pay its dividends electronically on September 26, 2024, to those who have completed the necessary registration for direct bank transfers.
The Nigerian Aviation Handling Company (NAHCO) has also announced its final dividend of N2.54 per share, which will be distributed to shareholders whose names appear on the register by May 10, 2024. These payments will be made by May 24, 2024.
Additionally, Berger Paints, a prominent paints manufacturer, is offering N0.80 per share as its final dividend. Shareholders whose names appear on the register by April 16, 2024, will be eligible for the payment, which will be made on May 14, 2024.
Finally, the Nigerian Infrastructure Debt Fund (NIDF) has recommended a final dividend of N4.23 per unit for unitholders whose names appear in the register by the close of business on April 12, 2024. These dividends will be paid on April 19, 2024.
These dividend declarations are part of the companies’ efforts to share profits with their investors, marking a positive outcome for shareholders at the close of the 2023 financial year.
