At its 64th Annual General Meeting in Lagos, Vitafoam Nigeria Plc pleased investors by approving a final dividend of ₦3.00 per ordinary share of 50 kobo, subject to withholding tax.
₦3.75 Billion Dividend Approved
Overall, the payout of roughly ₦3.75 billion demonstrates the company’s commitment to rewarding shareholders for their loyalty.
Bonus Shares For Investors
In addition, shareholders approved converting ₦125 million of retained earnings into bonus shares.
Members will receive one new share for every five held, based on the register as of February 6, 2026.
Together, the dividend and bonus issue show Vitafoam’s strategy to create long-term shareholder value.
Capital Growth And Market Performance
Moreover, the company increased its issued share capital from ₦625.42 million to ₦750.1 million by creating 250,168,812 new ordinary shares of 50 kobo each, which rank equally with existing shares.
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Before the increase, the company held 1,250,844,064 shares, giving it a market capitalisation of ₦142.9 billion at ₦114.3 per share on March 5, 2026.
After the increase, the market value rose to ₦171.5 billion, boosting investor confidence.
Strong Financial Performance
Furthermore, Vitafoam’s strong shareholder focus follows a stellar 2025 performance, with the stock returning 300% year-to-date and ranking 10th among top-performing Nigerian Exchange shares.
Trading volumes soared to over 404 million shares, nearly triple the previous year’s 141 million.
Revenue climbed to ₦111.3 billion, with foam products contributing 98.6% of total sales.
Pretax profit jumped to ₦21.4 billion, while retained earnings rose 83.8% to ₦25.8 billion.
Overall, Vitafoam continues rewarding shareholders while growing its business, combining dividends, bonus shares, and an expanding market value.
