Investors on the Nigerian Exchange Limited (NGX) are set for another dividend season in July, with six listed companies scheduled to reward shareholders.
Dangote Cement Plc led the July dividend season with a record N753.8 billion payout that signals strong corporate earnings despite a challenging business environment.
The cement giant kicked off the dividend payments on July 2 with a dividend of N45 per share for shareholders who qualified as of June 18.
According to the company, the payment represents a 50 per cent increase from the N30 per share paid for the previous financial year, making it the largest dividend among companies paying investors this month.
In a statement released on Thursday, Dangote Cement said the N753.8 billion distribution reflected its strong financial position and commitment to rewarding shareholders.
The company stated that the “historic dividend reflects the company’s strong financial performance, resilient earnings capacity, and robust cash generation, despite a challenging business environment.”
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It added that the payout also “underscores Dangote Cement’s unwavering focus on delivering sustainable returns to investors.”
The cement maker noted that it has paid more than N3.3 trillion in dividends over the last 15 years, reinforcing its position as one of NGX’s biggest wealth creators.
“Over the last 15 years, the company has distributed more than N3.3 trillion in dividends to shareholders, making it one of the most rewarding investments on the Nigerian Exchange and a consistent creator of long-term wealth,” it stated.
Beyond Dangote Cement, investors will receive dividends from five other listed companies before the end of July, providing fresh cash returns across different sectors of the market.
Chams Holding Company Plc will pay shareholders ₦0.03 per share on July 10 after closing its register on June 18.
BUA Foods Plc follows on July 15 with a dividend of ₦28 per share for shareholders who qualified on June 4.
Telecommunications company, Airtel Africa Plc, is scheduled to pay ₦58.59 per share on July 24 to shareholders on its register as of June 17, making it the highest dividend per share among the companies paying this month.
The dividend season will close on July 31 when Fidson Healthcare Plc pays ₦1.50 per share to shareholders who qualified on April 14, while Aradel Holdings Plc will distribute ₦23 per share on the same day.
Shareholders must be on Aradel’s register by July 9 to qualify for the payment.
Pinnacle Daily reports that the July dividend calendar highlights the continued commitment of several listed companies to rewarding shareholders through cash distributions.
While Dangote Cement dominates the month with its record payout, the scheduled payments by companies in the manufacturing, healthcare, telecommunications, energy and technology sectors also offer investors another opportunity to earn returns from their equity investments.
Alex is a business journalist cum data enthusiast with the Pinnacle Daily. He can be reached via ealex@thepinnacleng.com, @ehime_alex on X