NAHCO Shareholders Approve N12.18 Billion Dividend

At the annual general meeting, NAHCO shareholders commended the board for its impressive performance, approving a cash dividend of N12.18 billion to be distributed among 278.44 million ordinary shares, with a bonus share of 50 kobo for every seven shares held. This gross cash dividend represents an increase from N11.58 billion paid in the 2024 business year, marking five consecutive years of increased payouts in the company's history.

Shareholders will receive a dividend per share of N6.25 for the 2025 business year, compared to N5.94 the previous year. The bonus share issuance led to a 14.3% increase in total shares for shareholders holding 1,000 shares.

Dr. Faruk Umar, President of the Nigerian Shareholders Association, noted the company's strong fundamentals and investor confidence. The share price rose from N80 to N200, a 150% increase, indicating positive growth prospects.

Dr. Seind Fadeni, Chairman of NAHCO, emphasized the company's strategic focus on maintaining its leadership in the aviation handling sector.