Ikeja Hotel Plc Declares Interim Dividend of Three Kobo

Ikeja Hotel Plc declared an interim dividend of three kobo per share for the financial period ending March 31, 2026. This announcement marks a positive start to the financial year for the company, which operates iconic properties including the Sheraton Lagos Hotel.

The dividend payout is subject to appropriate withholding tax and regulatory approval, as per the corporate action filed with the Nigerian Exchange. The dividend will be paid to shareholders whose names appear on the register by the close of business on Friday, May 8, 2026.

The company reported a robust financial performance, with revenue growing to ₦6.67 billion in the first quarter, driven by higher room occupancy and recovery in the food and beverage segment. The payment is scheduled for June 5, 2026, and will be made electronically to shareholders' bank accounts.

Ikeja Hotel Plc is also addressing issues related to unclaimed dividends and is pushing for digital migration to align with broader market reforms.