BUA Foods to Double Dividend Payout by 2025, Market Capitalization Surges
BUA Foods, a leading Nigerian food company, is set to double its dividend payout by 2025, as projected by analysts at CardinalStone. Despite economic challenges, the company has maintained a consistent dividend policy over the past four years.
With a market capitalization of N13.2 trillion, BUA Foods has surpassed MTN Nigeria and Dangote Cement. The company's robust profit growth, solid operational cash flow, and high dividend payout ratio of 88% have boosted investor confidence.
BUA Foods' management anticipates a significant increase in net profit and revenue, reflecting its strategic expansion plans in the food market.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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