VFD Group PLC, Nigeria’s leading proprietary investment company, has announced a final dividend of N2.50 per share for the financial year ended December 31, 2024.
Approved by the board, this cash payout, alongside a substantial bonus share allocation, underscores the firm’s commitment to rewarding shareholders amid a remarkable financial turnaround.
The company reported a pre-tax profit of N11.2 billion for the year, a dramatic recovery from a N1 billion loss in 2023, driven by a surge in investment income
This turnaround highlights VFD Group’s adept portfolio management across its 40+ subsidiaries, spanning financial services, real estate, and hospitality.
The Group’s dividend, subject to withholding tax and regulatory approval, will be disbursed electronically on May 8, 2025, to shareholders registered by April 22, 2025.
To qualify for the N2.50 per share dividend, shareholders are required to complete e-dividend registration with Africa Prudential PLC, the company’s Registrar.
This ensures seamless direct deposits into bank accounts. Investors yet to register can download the e-dividend form from Africa Prudential’s website and submit it to the Registrar or their banks, a step VFD Group emphasizes to streamline payout processes and reduce unclaimed dividends.
In addition to the dividend, VFD Group approved a bonus issue of 5 (five) new shares for every 1 (one) share held. This move aims to reward long-term investors and enhance liquidity. The bonus shares will be allocated to shareholders on the Register as of the qualification date (April 22, 2025).
The bonus issue effectively dilutes per-share value but enhances liquidity and accessibility for retail investors. With total issued shares rising from 253,369,820 (post-2024 rights issue) to approximately 1.27 billion post-bonus
The Register of Members will close from April 23 to 28, 2025, to facilitate dividend and bonus share processing. Annual General Meeting (AGM) is scheduled for May 8, 2025, at 11:00 AM, to be held virtually.
