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NGX Group to Pay Shareholders N495m Interim Dividend

August 31, 2023 • 1 min read

Nigerian Exchange Group Plc plans to pay its shareholders an interim dividend of 25 kobo per ordinary share of 50 kobo each, totalling N495.53m on Thursday.

This followed an emergency board meeting convened by the group in July, when it disclosed its decision to electronically distribute its inaugural dividend following the demutualisation in 2021 to qualified shareholders.

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At the company’s annual general meeting in July, shareholders demanded that a dividend should be declared.

In a statement issued on Wednesday, the group said the decision to declare the dividend was as a direct response to the input and suggestions received from shareholders at the AGM.

Commenting on the dividend announcement, the Chairman, NGX Group, Umaru Kwairanga, said: “The announcement of the dividend will send a signal to our shareholders the company has a listening and responsive board following the request at the last annual general meeting. We hope to continue enjoying the support of our valued shareholders as NGX Group seeks to execute on its strategy to create sustainable growth in the medium to long term.”