Vitafoam Declares NGN 1.50 Dividend, One-for-Five Bonus Issue

Vitafoam Nigeria Plc has released the outcome of its recent Board of Directors meeting held in December 2025, where key corporate actions were approved to reward shareholders.

The company announced a final dividend of NGN 1.50 per share, subject to shareholder approval at the forthcoming Annual General Meeting. In addition to the cash dividend, the board also approved a bonus issue of one new share for every five existing shares held, further strengthening shareholder value and equity base.

The board emphasized that these decisions reflect Vitafoam’s strong financial performance and commitment to sustaining investor confidence. The dividend and bonus issue will be paid to shareholders whose names appear in the company’s register as at the close of business on the specified record date. The company noted that the distribution is in line with its long-standing policy of balancing reinvestment for growth with consistent returns to shareholders.

Vitafoam Nigeria Plc, a leading manufacturer of flexible and rigid foam products, highlighted that the approvals demonstrate resilience in a challenging economic environment. The company’s management expressed optimism that these measures will not only enhance liquidity for shareholders but also position the firm for sustained expansion in the coming year.