Nigerian Exchange Group Delivers on Shareholders’ Demands with Interim Dividend

The Nigerian Exchange Group Plc has announced its intention to pay an interim dividend of 25 kobo per ordinary share of 50 kobo each.

This translates to N491.029 million when multiplied by the company’s outstanding shares of 1,964,115,918.

This development stems from an emergency board meeting held in July, where the company decided to embrace the electronic distribution of dividends, a move aligned with its demutualisation of 2021.

The decision to declare an interim dividend comes in response to a resounding call from shareholders during the annual general meeting in July when shareholders expressed their desire for a dividend payout, prompting the Nigerian Exchange Group to take proactive action.

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.”