MTN, Zenith Bank, Seplat, BUA Cement Lead NGX Dividend Payouts in May

A group of 18 companies listed on the Nigerian Exchange (NGX) are set to reward shareholders with dividend payments in May 2026, with blue-chip firms across banking, telecoms, oil and gas, and industrial goods sectors leading the distribution.

Top among the dividend-paying companies are MTN Nigeria Plc, Okomu Oil Palm Plc, Seplat Energy Plc, BUA Cement Plc, and Zenith Bank Plc.

The list, compiled from corporate disclosures filed on the exchange and analysed by Nairalytics, the research arm of Nairametrics, reflects a broad-based profit distribution despite ongoing macroeconomic pressures.

MTN Nigeria and Okomu Oil Palm have each proposed final dividends of N15 per share, while Seplat Energy is paying approximately N12.60 per share as its first-quarter (Q1) 2026 dividend. BUA Cement has proposed a N10 per share payout, slightly ahead of Zenith Bank’s N8.75 per share final dividend.

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The spread of dividend payments across multiple sectors signals resilience among Nigeria’s largest corporates, even as businesses navigate inflationary pressures, currency volatility, and elevated operating costs.

MTN Nigeria tops the list, with its N15 per share final dividend scheduled for payment on May 5, 2026. The payout underscores the company’s strong cash flow generation and continued dominance in Nigeria’s telecoms market, reinforcing its position as one of the most attractive income stocks on the NGX.

Following a return to profitability in the 2025 financial year, the board of MTN Nigeria proposed a final dividend of N15 per share, bringing total dividend for the year to N20 per share.

The telecom operator’s audited financial results for the year ended December 2025 highlight a dramatic turnaround. The company reported profit before tax of N1.70 trillion, compared to a pre-tax loss of N550.3 billion recorded in 2024.

Revenue surged to N5.20 trillion, representing a 54.9 per cent year-on-year increase, while profit after tax rose to N1.11 trillion from a loss of N400.4 billion in the prior year. Earnings per share climbed to N53.07, a sharp reversal from negative N19.05 recorded previously.

Dividend payments will be made electronically to shareholders whose names appear on the companies’ registers as of April 8, 2026, provided they have completed the e-dividend registration process and mandated their registrars to credit their bank accounts directly.