The latest Afrinvest Corporate Actions Update reveals notable developments in Nigeria’s equities market for the week, with FIDSON Healthcare Plc and JAIZ Bank Plc leading the pack on dividend announcements and closure dates. According to the report, FIDSON declared a final dividend of ₦1.00 per share with a yield of 4.7%, while JAIZ Bank offered ₦0.07 per share, representing a 3.2% dividend yield for the financial year ended FY24.
Closure dates for the two companies are set for July 14 and July 15, respectively, with FIDSON’s payment date confirmed for August 1 and its AGM scheduled for July 31. JAIZBANK’s payment and AGM dates have to be announced.
Meanwhile, highlights from last week’s corporate actions include CORNEST (₦0.27, 6.5% yield), ETRANZACT (₦0.13, 1.7% yield), IKEJA HOTEL (₦0.05, 0.9% yield), and PRESCO (₦42.00, 3.1% yield). These companies closed their registers between July 5 and 8, 2025, with respective payment dates stretching from July 24 to August 6.
In the payment activity window, STERLINGNG (₦0.18, 3.2% yield), FIDSON (₦1.00, 2.3% yield), and MANSARD (₦0.45, 4.7% yield) were among companies disbursing dividends last week, affirming investor returns across multiple sectors.
Top Dividend Yield Stocks
The Afrinvest update also features a chart of stocks offering the highest dividend yields on the Nigerian Exchange (NGX). VFD Group leads with a staggering 17.1% yield, followed by Access Holdings (8.3%), GTCO (7.5%), Dangote Cement (7.1%), and UBA (6.9%). Other notable entries include Cornerstone Insurance (6.3%), Wema Bank (6.3%), NAHCO (6.1%), and Fidelity Bank (5.9%).
Investor Insights
These dividend updates are crucial for income-focused investors tracking payout consistency and yield performance. With VFD Group’s double-digit yield and renewed payout momentum across banks and consumer healthcare companies, the Nigerian equities market continues to offer compelling returns in a high-interest-rate environment.
For more detailed breakdowns on dividend declarations, closure schedules, and AGMs, investors are encouraged to consult the full Afrinvest Corporate Actions Update.
