List of Dividends Declared in 2026 by Nigerian Companies
As Nigerian companies release their audited 2025 full-year financial results, dividend declarations are rolling in across sectors — from banking to consumer goods, energy, and real estate. This page is your single reference for all dividends declared in 2026 by companies listed on the Nigerian Exchange (NGX).
The table below includes each company's dividend per share, any special dividend or bonus issue, the qualification date (the deadline to own shares and qualify), the closure of register period, AGM date, payment date, and the registrar handling the payout. All dividends are subject to 10% withholding tax (WHT) at source, unless otherwise stated.
This page is updated monthly as new declarations are filed with the NGX. Bookmark it and check back for the latest additions.
📅 Qualification Date
The cut-off date — you must own the shares on or before this date to receive the dividend.
🏦 E-Dividend Mandate
Dividends are paid electronically. Complete your e-mandate with the registrar to receive payment directly in your bank.
💸 Withholding Tax
A 10% WHT is deducted from all dividend payments before disbursement. Your net payout reflects this deduction.
📋 Registrar
Each company uses a designated registrar to manage its share register and process dividend payments.
2026 NGX Dividend Table — Full List
Scroll horizontally to view all columns. Sorted by qualification date (earliest first), then sector.
| Company | Dividend / Share | Type | Special Dividend | Bonus Issue | Qualification Date | Closure of Register | AGM Date | Payment Date | Registrar |
|---|---|---|---|---|---|---|---|---|---|
| Q1 2026 — January to March Payouts | |||||||||
| NIDF Q4 2025 Distribution | ₦4.68 | Distribution | Nil | Nil | Jan 28, 2026 | Jan 29, 2026 | N/A | Feb 5, 2026 | Coronation |
| MoFI REIT I | ₦3.7468 | Distribution | Nil | Nil | Feb 20, 2026 | Feb 23, 2026 | N/A | Feb 27, 2026 | Africa Prudential |
| MoFI REIT II | ₦9.7192 | Distribution | Nil | Nil | Feb 20, 2026 | Feb 23, 2026 | N/A | Feb 27, 2026 | Africa Prudential |
| Vitafoam Nigeria PLC | ₦3.00 | Final | Nil | 1 for 5 | Feb 6, 2026 | Feb 9–13, 2026 | Mar 5, 2026 | Mar 5, 2026 | Meristem |
| Transcorp Hotels PLC | ₦1.20 | Final | Nil | Nil | Feb 13, 2026 | Feb 16–20, 2026 | Feb 26, 2026 | Feb 27, 2026 | Africa Prudential |
| The Frontier Fund | ₦18.00 | Distribution | Nil | Nil | Feb 27, 2026 | Mar 2, 2026 | N/A | Mar 6, 2026 | Pace |
| Africa Prudential PLC | ₦0.40 | Final (+ ₦0.10 interim paid 2025) | Nil | Nil | Mar 12, 2026 | Mar 13, 2026 | Apr 2, 2026 | Apr 2, 2026 | Africa Prudential |
| Zichis Agro-Allied PLC | ₦0.20 | Final | Nil | 1 for 1 | Mar 16, 2026 | Mar 17–20, 2026 | Apr 30, 2026 | May 7, 2026 | Datamax |
| April 2026 — Qualification Dates | |||||||||
| The Initiates PLC | ₦0.30 | Final | Nil | Nil | Apr 7, 2026 | Apr 8–10, 2026 | Apr 30, 2026 | May 4, 2026 | Apel Capital |
| CWG PLC | ₦0.70 | Final | Nil | Nil | Apr 7, 2026 | Apr 8, 2026 | Apr 16, 2026 | Apr 17, 2026 | Cordros |
| United Capital PLC | ₦0.70 final (₦1.00 total FY) | Final | Nil | Nil | Apr 7, 2026 | Apr 8–10, 2026 | Apr 24, 2026 | Apr 24, 2026 | Africa Prudential |
| MTN Nigeria PLC | ₦15.00 final (₦20.00 total FY) | Final | Nil | Nil | Apr 8, 2026 | Apr 9, 2026 | Apr 30, 2026 | May 5, 2026 | Coronation |
| NGX Group PLC | ₦2.00 final (₦3.00 total FY) | Final | Nil | 1 for 3 | Apr 10, 2026 | Apr 13, 2026 | Apr 29, 2026 | Apr 29, 2026 | Datamax |
| Unilever Nigeria PLC | ₦3.25 | Final | Nil | Nil | Apr 10, 2026 | Apr 13–17, 2026 | May 8, 2026 | May 8, 2026 | Greenwich |
| GTCO PLC | ₦11.76 final (₦12.76 total FY) | Final | Nil | Nil | Apr 13, 2026 (NGX) Apr 7, 2026 (LSE) |
Apr 14, 2026 (NGX) | Apr 28, 2026 | Apr 28, 2026 | Datamax |
| Eterna PLC | ₦0.50 | Final | Nil | Nil | Apr 13, 2026 | Apr 14, 2026 | May 12, 2026 | May 12, 2026 | Greenwich |
| Geregu Power PLC | ₦9.00 | Final | Nil | Nil | Apr 13, 2026 | Apr 14, 2026 | Apr 30, 2026 | Apr 30, 2026 | Meristem |
| Transcorp Power PLC | ₦4.00 final (₦5.50 total FY) | Final | Nil | Nil | Apr 13, 2026 | Apr 14–17, 2026 | Apr 27, 2026 | Apr 28, 2026 | Africa Prudential |
| Custodian Investment PLC | ₦2.50 | Final | Nil | Nil | Apr 13, 2026 | Apr 14–17, 2026 | May 8, 2026 | May 8, 2026 | Meristem |
| NEM Insurance PLC | ₦1.50 | Final | Nil | Nil | Apr 14, 2026 | Apr 15–17, 2026 | May 14, 2026 | May 14, 2026 | Apel Capital |
| Fidson Healthcare PLC | ₦1.50 | Final | Nil | Nil | Apr 14, 2026 | Apr 15–20, 2026 | Jul 30, 2026 | Jul 31, 2026 | Meristem |
| Infinity Trust MFB PLC | ₦0.35 | Final | Nil | 1 for 1 | Apr 17, 2026 | Apr 20–24, 2026 | May 21, 2026 | May 26, 2026 | Africa Prudential |
| SFS REIT | ₦28.30 | Distribution | Nil | Nil | Apr 17, 2026 | Apr 20–24, 2026 | N/A | May 18, 2026 | Pace |
| Mecure Industries PLC | ₦0.32 | Final | Nil | Nil | Apr 23, 2026 | Apr 30, 2026 | TBC | TBC | Cordros |
| Berger Paints PLC | ₦1.25 final (₦1.65 total FY) | Final | Nil | Nil | Apr 23, 2026 | Apr 24–30, 2026 | May 21, 2026 | May 21, 2026 | Meristem |
| Zenith Bank PLC | ₦8.75 final (₦10.00 total FY) | Final | Nil | Nil | Apr 24, 2026 | Apr 27, 2026 | May 5, 2026 | May 5, 2026 | Veritas |
| Okomu Oil Palm PLC | ₦15.00 | Final | Nil | Nil | Apr 27, 2026 | Apr 28–May 1, 2026 | May 26, 2026 | May 26, 2026 | CardinalStone |
| Transnational Corporation PLC (Transcorp) | ₦1.60 | Final | Nil | Nil | Apr 27, 2026 | Apr 28–30, 2026 | May 8, 2026 | May 8, 2026 | Africa Prudential |
| UPDC PLC | ₦0.01 | Final | Nil | Nil | Apr 22, 2026 | Apr 23–29, 2026 | May 7, 2026 | May 7, 2026 | Meristem |
| Consolidated Hallmark PLC | ₦0.15 | Final | Nil | Nil | Apr 29, 2026 | Apr 30–May 5, 2026 | TBC | TBC | Meristem |
| May 2026 — Qualification Dates | |||||||||
| NAHCO PLC | ₦6.25 | Final | Nil | 1 for 7 | May 1, 2026 | May 4–6, 2026 | May 15, 2026 | May 15, 2026 | CardinalStone |
| BUA Cement PLC | ₦10.00 | Final | Nil | Nil | May 8, 2026 | May 11–15, 2026 | May 21, 2026 | May 21, 2026 | Africa Prudential |
| VFD Group PLC | ₦0.25 | Final | Nil | Nil | May 4, 2026 | May 5–7, 2026 | May 25, 2026 | May 25, 2026 | Africa Prudential |
| May Baker Nigeria PLC | ₦0.50 | Final | Nil | Nil | May 19, 2026 | May 20–22, 2026 | Jun 4, 2026 | Jun 4, 2026 | Veritas |
| ABC Transport PLC | ₦0.06 | Final | Nil | Nil | May 22, 2026 | May 25–27, 2026 | TBC | TBC | First |
| Julius Berger PLC | ₦4.25 | Final | Nil | Nil | May 29, 2026 | Jun 1–3, 2026 | Jun 18, 2026 | Jun 19, 2026 | Greenwich |
| Seplat Energy PLC | US$0.05 + US$0.033 Special | Final | US$0.033 | Nil | May 15, 2026 | May 18, 2026 | May 20, 2026 | May 29, 2026 | Datamax |
| AIICO Insurance PLC | ₦0.12 | Final | Nil | Nil | May 27, 2026 | May 28–Jun 4, 2026 | Jun 5, 2026 | Jun 5, 2026 | Coronation |
| Haldane McCall PLC | ₦0.05 | Final | Nil | Nil | May 28, 2026 | May 29–Jun 4, 2026 | Jun 18, 2026 | Jun 18, 2026 | Africa Prudential |
| NASCON Allied Industries PLC | ₦6.00 | Final | Nil | Nil | Apr 1, 2026 | Apr 2, 2026 | Apr 27, 2026 | Apr 28, 2026 | Meristem |
| Lafarge Africa PLC | ₦6.00 | Final | Nil | Nil | Apr 3, 2026 | Apr 6–10, 2026 | Apr 30, 2026 | Apr 30, 2026 | CardinalStone |
| June 2026 — Qualification Dates | |||||||||
| CAP PLC | ₦4.00 | Final | Nil | Nil | Jun 3, 2026 | Jun 4–8, 2026 | Jun 24, 2026 | Jun 25, 2026 | Africa Prudential |
| Beta Glass PLC | ₦7.20 | Final | Nil | Nil | Jun 3, 2026 | Jun 4–11, 2026 | Jun 25, 2026 | Jun 25, 2026 | Greenwich |
| BUA Foods PLC | ₦28.00 | Final | Nil | Nil | Jun 4, 2026 | Jun 5–11, 2026 | Jul 15, 2026 | Jul 15, 2026 | Africa Prudential |
| UACN PLC | ₦1.00 | Final | Nil | Nil | Jun 11, 2026 | Jun 12–18, 2026 | Jun 25, 2026 | Jun 26, 2026 | Africa Prudential |
| CHAMS Holding PLC | ₦0.03 | Final | Nil | Nil | Jun 18, 2026 | Jun 19–26, 2026 | Jul 9, 2026 | Jul 10, 2026 | First |
| McNichols PLC | ₦0.06 | Final | Nil | Nil | Jun 29, 2026 | Jun 30, 2026 | Jul 30, 2026 | Aug 6, 2026 | Coronation |
| July 2026 and Beyond — Qualification Dates | |||||||||
| Dangote Cement PLC | ₦45.00 | Final | Nil | Nil | Jun 17, 2026 | Jun 18, 2026 | Jul 2, 2026 | Jul 2, 2026 | Coronation |
| Ikeja Hotel PLC | ₦0.30 | Final | Nil | Nil | Jul 3, 2026 | Jul 6–10, 2026 | Jul 30, 2026 | Aug 3, 2026 | Greenwich |
| E-Tranzact International PLC | ₦0.125 | Final | Nil | Nil | Jul 6, 2026 | Jul 7–22, 2026 | Jul 23, 2026 | Jul 23, 2026 | Meristem |
| Pending — Board Approved, Awaiting CBN Clearance | |||||||||
| Access Holdings PLC | Announced — Amount TBA | Final | TBA | Nil | TBA | TBA | TBA | TBA | TBA |
| United Bank for Africa PLC (UBA) | Announced — Amount TBA | Final | TBA | Nil | TBA | TBA | TBA | TBA | TBA |
| UPDC REIT | ₦0.33 | Distribution | Nil | Nil | TBC | TBC | TBC | TBC | First |
Notes: "Total FY" figures in the Dividend/Share column represent the full financial year total including any interim dividend already paid. All amounts are in Nigerian Naira (₦) unless stated otherwise. Seplat Energy dividends are denominated in US Dollars (USD). Qualification dates shown are for the NGX (Nigerian Exchange) listing. Dual-listed companies (GTCO, Seplat) may have different qualification dates for their London Stock Exchange (LSE) listings.
How to Qualify for Dividends on the NGX
To receive a dividend declared by a Nigerian company, you must meet four conditions:
1. Own the shares before the qualification date. Your name must appear in the company's Register of Members on or before the qualification date. Under the NGX's T+2 settlement cycle (as of March 2026), you need to buy shares at least 2 trading days before the qualification date for settlement to complete in time.
2. Complete your e-dividend registration. Dividends are paid electronically in Nigeria. Download the e-dividend mandate form from the company's registrar, link your CSCS account number to a valid Nigerian bank account, and submit to the registrar.
3. Confirm your bank details are current. Outdated or closed bank accounts will result in failed payments. Contact the registrar to update your details if necessary.
4. Do not sell before the qualification date. Selling your shares on or before the qualification date disqualifies you from receiving the dividend.
Frequently Asked Questions
What is a qualification date for dividends in Nigeria?
The qualification date (also called the record date or ex-dividend date) is the cut-off deadline. If your shares are settled in your CSCS account and your name is on the company's register on or before this date, you will receive the declared dividend. Missing this date by even one day means you will not be eligible.
How do I receive my dividend payment electronically in Nigeria?
Download and complete the E-Dividend Mandate Activation Form from your company's designated registrar (e.g., Coronation Registrars, Datamax, Africa Prudential, Meristem, Greenwich). Submit the form along with a copy of your CSCS statement and a valid ID. Your dividend will then be credited directly to your linked bank account on the payment date.
What is the withholding tax rate on dividends in Nigeria?
A flat 10% withholding tax (WHT) is deducted from all dividend payments in Nigeria. This is deducted at source by the company's registrar, so shareholders receive 90% of the declared dividend per share. Some distributions (like REIT income) may have different tax treatment — consult a tax advisor for specifics.
What is a bonus issue and how does it differ from a cash dividend?
A bonus issue (also called a scrip dividend or capitalisation issue) involves the company issuing free additional shares to existing shareholders, rather than cash. For example, a "1 for 5" bonus means you receive one additional share for every five you already hold. Bonus shares do not incur withholding tax. Some companies (like NGX Group and NAHCO in 2026) declare both a cash dividend and a bonus issue simultaneously.
What is the closure of register period?
During the closure of register period, no transfers of shares are processed. This is when the company "locks" its share register to compile the final list of eligible shareholders. Trading on the NGX continues during this period, but settlement of new share purchases into the register is paused.
I have unclaimed dividends — what should I do?
Unclaimed dividends are common in Nigeria, often due to incomplete e-dividend registration, outdated bank details, or dormant accounts. Contact the company's registrar directly (see the Registrar column in the table above) with your CSCS account number, share certificate, and valid ID to initiate a revalidation process. The Securities and Exchange Commission (SEC) also maintains an unclaimed dividends portal.
Track Dividends in Your Portfolio
Use NGXfolio to log your holdings and get dividend alerts for upcoming qualification dates.
Open NGXfolio →Sources & Data References
Data compiled from: NGX Group official corporate action filings; company investor relations announcements; Cowryvest; TRW Stockbrokers; BusinessDay NG; Punch NG; africanfinancials.com; Proshare; GTCO Investegate (LSE). Last verified: April 11, 2026.