Shareholders of PZ Cussons Nigeria Plc, a number one producer of private healthcare merchandise and client items, have unanimously accredited a closing dividend payout of N9.926 billion for the 2026 monetary 12 months.
The dividend was accredited on the firm’s 78th Annual General Meeting (AGM) held on the Fraiser Suites in Abuja on Wednesday, October 28, 2026.
Speaking through the Annual General Meeting, the Chair of the corporate’s Board of Directors, Mrs. Ifueko Omoigui Okauru, MFR, defined that every shareholder would obtain a closing dividend of N2.50k per peculiar share of 50k every.
Mrs. Omoigui Okauru additionally introduced that the board has equally accredited the implementation of a Scrip Dividend Scheme, underneath which qualifying shareholders could elect to obtain new peculiar shares within the firm in lieu of all or a part of their money dividend entitlement.
She acknowledged that the corporate has demonstrated sturdy resilience and proven outstanding enchancment in working efficiency backed by a restructured stability sheet.
“Our performance is improving year-on-year, and we will continue to leverage our strategic operating model and a more stable macroeconomic environment to drive growth and create value for all stakeholders”.
Shareholders on the assembly recommended the board and administration for approving the dividend regardless of the difficult enterprise atmosphere in Nigeria.
One of them, the Chairman, Viewpoint Shareholders Association, Uyo, Chief Peter Essien applauded the corporate’s management for managing the enterprise successfully, citing the improved efficiency in revenue and income recorded within the 2026 monetary 12 months.
“Special kudos to the board and management of the company for the outstanding performance recorded for the financial year ended May 31, 2026. I am happy and satisfied with the growth witnessed over the last few years,” Essien mentioned.
Also talking, the Chairman, New Dimension Shareholders Association, Honorable Patric Ajudua, lauded the corporate’s administration for its monetary prudence and the deleveraging of the stability sheet, the influence of which has been the transition from a damaging fairness place of -N17.3bn to +N66.6bn.
On Scrip Dividend, Shareholders moved a decision for the extension of the election deadline from twenty third November 2026 to 4th November 2026. It was additionally accredited that the ultimate dividend of N2.50k might be paid on the sixth of November 2026.
The Board Chair acknowledged that the corporate stays centered on progress and the continual creation of worth for stakeholders, particularly after the conclusion of the Strategic Review of the African companies and the choice by the mum or dad firm to retain its Nigerian operation as a part of the broader Group.
