VFD Group Proposes N0.25 Dividend for 2025 Financial Year

VFD Group PLC has proposed a final dividend of N0.25 per share for the financial year ending December 31, 2025, as announced during a regular information briefing on Tuesday. This proposal represents a significant milestone in the company's recent capital raising efforts.

The total cash payout is approximately N3.2 billion, which corresponds to a payout ratio of 32.2 percent. Nonso Okpala, the Group Managing Director and Chief Executive Officer, emphasized that the current performance reflects the company's ability to deliver on its promises to investors.

He noted that the proposed dividend is particularly impressive given the recent rights issue priced at N10.00 per share, with the current share price appreciating to approximately N12.00, indicating a 20 percent capital gain year-to-date. Folajimi Adeley, Executive Director of Finance and Investor Relations, highlighted the strength of the existing portfolio and the disciplined approach to capital allocation.

The proposed dividend is subject to shareholder approval at the upcoming annual general meeting.