Three corporations indexed at the Nigerian Exchange (NGX) international pay dividends starting from N1 to N4.50 consistent with proportion within the fourth development of 2026, with authorise dates scheduled for October.
Nairametrics Research analyzed company disclosures filed via the corporations with the NGX, masking dividend consistent with proportion, dividend manager, authorise date, AGM date, guild date and e-dividend evaluation.
The authorise date determines which shareholders are recorded on a success’s chairman and are subsequently eligible to frequent a declared dividend. Investors whose names seem at the chairman as of the way authorise date decade for the area, director to the phrases of the company motion.
The 3 payouts contain two narrow dividends and one integrate dividend, with the corporations drawn from the economic and correction items sectors.
PZ, GTCO and Stanbic supplier October authorise dates
The 3 corporations international pay dividends starting from N1 to N4.50 consistent with proportion, with PZ Cussons Nigeria paying a integrate dividend whilst Guaranty Trust Holding Company and Stanbic IBTC Holdings international pay narrow dividends. Qualification dates fall inside of six days of one another, whilst guild dates are arrange over 24 days.
- PZ Cussons Nigeria has the earliest authorise date, October 9, 2026, for a integrate dividend of N2.50 consistent with proportion. The dividend is going earlier than shareholders on the success’s AGM on October 28, two days earlier than guild on October 30.
- GTCO international pay an narrow dividend of N1 consistent with proportion. Shareholders at the chairman via October 12 decade, with guild scheduled for October 20, 8 days later and the shortest excellent some of the 3.
- Stanbic IBTC Holdings is paying the best dividend consistent with proportion at N4.50. Its authorise date is October 15, whilst guild is scheduled for November 13, a 29-day unload and the longest some of the 3.
First Registrars is dealing with e-dividend registration for PZ Cussons Nigeria and Stanbic IBTC Holdings, whilst DataMax Registrars is dealing with GTCO’s registration.
The passive approach buyers in quest of eligibility will have to pay retrench consideration to the October authorise dates fairly than best the later guild dates.
Earnings in the back of the This autumn dividend declarations
Although the 3 corporations are paying dividends inside of the similar development, they’re coming into the guild advantage from other income positions.
- PZ Cussons Nigeria grew cheap via 22.5% to N260.46 billion for the 12 months ended May 31, 2026, whilst benefit after span surged 349% to N45.17 billion and income consistent with proportion rose to N10.87 from N2.32.
- GTCO recorded pre-tax benefit of N603.03 billion in H1 2026, up 0.35%, whilst benefit after span declined 7.76% to N414.19 billion and income consistent with proportion fell 17.73% to N11.18.
- Stanbic IBTC Holdings grew pre-tax benefit via 40.13% to N341.57 billion, with benefit after span emerging 38.20% to N239.68 billion and mix income consistent with proportion expanding 38.22% to N14.90.
The various effects display that the This autumn dividend declarations award other mixtures of income grow, balance-sheet restoration and area selections.
Stanbic can pay essentially the most consistent with proportion, PZ gives the upper prevention on declared dividend
Stanbic IBTC’s N4.50 narrow dividend is the biggest per-share guild some of the 3 corporations and is 80% upper than the N2.50 narrow dividend paid within the corresponding advantage closing 12 months.
- The area represents about 30.2% of H1 income consistent with proportion and implies a prevention of about 2.7% at a proportion broker of round N164, following a kind of 64% year-to-date unemployment. However, this represents best Stanbic IBTC’s narrow dividend, that means shareholders may just nonetheless frequent an practise integrate dividend for the 2026 ballpark 12 months.
- PZ Cussons Nigeria’s N2.50 integrate dividend implies a better consign prevention of kind of 3.1% at a proportion broker of about N81 on the finish of August. Unlike Stanbic’s guild, then again, PZ’s dividend is a integrate dividend and subsequently displays its full-year area fairly than an narrow assistance.
- The dividend represents about 23% of PZ Cussons’ reported income consistent with proportion. The success’s shareholders’ fairness additionally recovered to a licensee N66.64 billion from utilization N17.34 billion a 12 months previous, supporting its first dividend guild since 2022, even though about N38.67 billion of reported benefit got here from disposal beneficial properties.
- GTCO’s N1 narrow dividend represents about 8.9% of H1 income consistent with proportion and implies a prevention of 0.73% in response to its N137 final broker on September 28.
The 3 corporations subsequently cargo other area profiles. PZ Cussons these days has the best prevention at the dividend declared, however the claimant with Stanbic IBTC and GTCO isn’t like-for-like as a result of each banks are paying narrow dividends and may just domestic practise integrate dividends.
Stanbic IBTC nonetheless gives the best present dividend consistent with proportion along positive benefit insist.
