Vitafoam Nigeria Plc, Nigeria’s leading manufacturer of foam and bedding products, has declared a final dividend of ₦3.00 per ordinary share. This dividend is for the financial year ended 30 September 2025.
The total payout amounts to ₦3,752,532,192 (Three Billion, Seven Hundred and Fifty-Two Million, Five Hundred and Thirty-Two Thousand, One Hundred and Ninety-Two Naira Only). Moreover, this generous dividend distribution was the highlight resolution passed by shareholders at the company’s 64th Annual General Meeting (AGM).
Dividend Payment Details
The ₦3.00 per share dividend will be distributed to all qualifying shareholders. This includes those whose names appear in the Register of Members at the close of business on 6 February 2026. The payout is subject to the statutory withholding tax deduction.
This substantial return to investors underscores Vitafoam’s commitment to rewarding long-term shareholders. Furthermore, it reflects confidence in the company’s financial health following the approval of its full-year results.
– Shareholders holding shares as at 6 February 2026 are eligible for the ₦3.00 per share payout.
– For an investor with 10,000 shares, this translates to a gross payout of ₦30,000 (before tax).
– The move is expected to boost investor sentiment towards NGX-listed consumer stocks. Additionally, it reinforces Vitafoam’s reputation as a consistent dividend payer.
About Vitafoam
Incorporated in 1962 and listed on the Nigerian Exchange (NGX) since 1978, Vitafoam Nigeria Plc is the foremost producer of flexible polyurethane foam. The company also produces reconstituted foam, mattresses, pillows, rigid foam insulation and allied products in West Africa.
With one of the largest manufacturing and distribution networks across Nigeria, Ghana, Sierra Leone and other regional markets, the company continues to benefit from rising demand in the consumer goods and construction sectors. The healthy dividend declaration at the 64th AGM signals solid operational performance and prudent capital allocation despite broader economic headwinds.
