NGX Group Shareholders Approve N3.00 Dividend and 1-for-3 Bonus Issue

TL;DR: NGX Group shareholders approved a N3.00 per share dividend for 2025 and a bonus issue of one new share for every three held, effective 10 April 2026.

Context: At the 65th Annual General Meeting in Lagos, participants unanimously backed the board’s proposals, citing satisfactory performance and urging continued focus on long‑term value. The dividend comprises an interim N1.00 paid earlier and a final N2.00 approved yesterday, together representing a 50% rise over the prior year.

Key Facts: The total dividend of N3.00 per share translates to a payout ratio of roughly 45% based on 2025 earnings. The bonus issue will increase the issued share count by 33%, with a qualification date of 10 April 2026; shareholders on that date receive one new share for each three held. NGX Group trades on the Nigerian Exchange under ticker NGXGROUP; its share price rose 2.3% to N45.20 immediately after the announcement, lifting market capitalisation to approximately N1.22 trillion.

What It Means: The dividend boost signals confidence in cash generation, while the bonus issue rewards holders without diluting immediate earnings per share. The move aligns with NGX Group’s stated goal of scaling infrastructure and broadening market participation. Investors should watch the share price reaction around the qualification date and any updates on the group’s execution priorities for scale.