NAHCO Shareholders Approve N12.18bn Dividend and Bonuses
During the annual general meeting, shareholders of the Nigerian Aviation Handling Company (NAHCO) PLC approved a cash dividend of N12.18 billion and the issuance of 278.44 million bonus shares for the 2025 business year. This cash dividend represents an increase from the N11.58 billion paid in the 2024 business year, marking five consecutive years of increased payouts.
Shareholders will receive a dividend of N6.25 per share, compared to N5.94 from the previous year. For every seven ordinary shares held, shareholders will receive an additional 143 bonus shares, resulting in a total of 1,143 shares for those holding 1,000 shares.
Dr. Faruk Umar, President of the Advance Rights Nigerian Shareholders Association, expressed confidence in NAHCO's performance and future dividend prospects. Mr. Patrick Ajudia commended the company for its impressive results, while Dr. Seind Fadeni highlighted NAHCO's strategic focus on sustainable growth and its position in the aviation sector.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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