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Dividend

Dividend

We continue to create value for our business and shareholders, and for the millions of people whose lives we help transform

Our progressive dividend policy aligns with our capital allocation framework. The policy aims to grow the dividend annually by a mid- to high-single digit percentage with a continued focus to further strengthen the balance sheet.
The Board has recommended a final dividend of 3.9 cents per share in the financial year 2024/25, resulting in a total dividend of 6.5 cents per share in 2024/25, growing 9.2%, in line with our dividend policy.
0 cents

total dividend (interim and final as recommended by the Board)
0 %

growth in total dividend in 2024/25 vs 2023/24

Financial year 2024/25 onwards

Full year 2024-25
dividend		 Half year 2024-25 interim
dividend
Announcement date 8-May 25-Oct
Qualification date (NGX) 17-June 5-Nov
Ex-dividend date (NGX) 18-June 6-Nov
Ex-dividend date (LSE) 19-June 7-Nov
Record date (NGX – settlement date) 20-June 8-Nov
Last date to currency election 7-July 25-Nov
Payment date 25-July 13-Dec
Cents per ordinary share 3.9 cents 2.6 cents
FX 1 USD = 1,589 Naira
1 USD = 0.7426 GBP		 1 USD = 1,656.97 Naira
1 USD = 0.777363 GBP

Summary of historical dividends: financial years from 2019/20 to 2023/24

Full year 2023-24
dividend		 Half year 2023-24
interim dividend		 Full year 2022-23
dividend		 Half year 2022-23
interim dividend		 Full year 2021-22
dividend		 Half year 2021-22
interim dividend		 Full year 2020-21
dividend		 Half year 2020-21
interim dividend		 Full year 2019-20
dividend		 Half year 2019-20
interim dividend
Announcement date 9-May 30-Oct 11-May 28-Oct 11-May 28-Oct 12-May 23-Oct 13-May 25-Oct
Ex-dividend date 20-Jun 9-Nov 22-June 10-Nov 23-June 11-Nov 24-Jun 12-Nov 02-Jul 14-Nov
Record date 21-Jun 10-Nov 23-June 11-Nov 24-June 12-Nov 25-Jun 13-Nov 03-Jul 15-Nov
Last date for currency elections 8-July 27-Nov 10-July 28-Nov 11-July 26-Nov 12-Jul 27-Nov 06-Jul
Payment date 26-July 15-Dec 26-July 9-Dec 22-July 10-Dec 23-Jul 11-Dec 24-Jul 29-Nov
Cents per ordinary share 3.57 cents 2.38 cents 3.27 cents 2.18 cents 3 cents 2 cents 2.5 cents 1.5 cents 3 cents 3 cents
FX 1 USD = 1,485.99 Naira
1 USD = 0.7859 GBP		 1 USD = 858.24 Naira
1 USD = 0.819 GBP		 1 USD = 680.2 Naira
1 USD = 0.7816 GBP		 1 USD = 446.1 Naira
1 USD = 0.8652 GBP		 1 USD = 410.95 Naira
1 USD = 0.7068 GBP		 1 USD = 415 Naira
1 USD = 0.7374 GBP		 1 USD = 411 Naira
1 USD = 0.7068 GBP		 1 USD = 386 Naira
1 USD = 0.7534 GBP		 1 USD = 387 Naira
1 USD = 0.8016 GBP

Arrangements for shareholders that hold their shares on the London Stock Exchange (LSE)

Shareholders that hold shares on the London Stock Exchange may elect to receive their dividend
payment in GB pounds or US dollars.

The last date to trade shares in order to be entitled to the dividend is 18 June 2025.

CREST participants can elect to receive their dividend payment via CREST.

Holders electing to receive a dividend should specify a choice of currency by completing the currency election form and return to Computershare Investor Services plc.

Currency election forms can be obtained by contacting the Company's Registrars, Computershare Investor Services plc, on the Company's dedicated telephone line: +44 (0)370 7030027.

The closing date for the dividend currency election to the Company's Registrars Computershare Investor Services plc in the UK is 7 July 2025.

Shareholders holding their shares on the LSE, who do not indicate their currency of choice before 7 July 2025, will receive their dividends in US dollars.

Arrangements for shareholders that hold their shares on the Nigerian Stock Exchange (NGX)

Shareholders that hold their shares on the Nigerian Stock Exchange may elect to receive their entire dividend payment in Nigerian naira or US dollars.

The last date to trade shares in order to be entitled to the dividend is 17 June 2025 (qualification date).

Holders electing to receive a dividend in US dollars should complete the currency clection form and return to Coronation Registrars Limited or email to eforms@coronationregistrars.com

Currency election forms can be found on the website of the Company's Registrar Coronation.ng or this direct link: Currency Election Form

The closing date for the dividend currency election to the Company's Registrars Coronation Registrars Limited in Nigeria is 7 July 2025.

Shareholders holding their shares on the NSE who do not indicate their currency of choice before 7 July 2025 will receive their dividends in Nigerian naira.