BUA Foods Plc has announced a final dividend of ₦13.00 per share for the financial year ended on December 31, 2024, bolstering investor returns despite offering no bonus shares to shareholders.
The dividend—subject to shareholder approval at the company’s Annual General Meeting slated for September 25 at the Transcorp Hilton in Abuja—will be paid electronically on the same day to shareholders on the register as of August 21.
The payment represents a continuation of the company’s policy of generous cash returns, placing it among Nigeria’s most shareholder-friendly listed companies.
The food giant, which is part of billionaire Abdul Samad Rabiu’s BUA Group conglomerate, said the register of members will be closed between August 22 and 29 to prepare for the dividend disbursement. No bonus shares were proposed.
The dividend announcement underlines BUA Foods’ strong earnings and liquidity position, particularly at a time when many Nigerian companies are grappling with foreign exchange volatility, rising logistics costs, and inflationary pressures.
Shareholders who have not completed e-dividend registration have been urged to do so via the portal of Africa Prudential Plc, the company’s registrar, to ensure prompt receipt of their payments.
Unclaimed dividends and physical share certificates remain a persistent issue in Nigeria’s capital market, despite recent regulatory efforts to digitize records.
Investor relations head Oluwasegun Bakare said the move reinforces the group’s commitment to rewarding shareholders while continuing to grow its market footprint in packaged foods and sugar.
The dividend payout will be subject to applicable withholding tax, in line with Nigerian law.
