One of many strongest forces shaping investor sentiment within the Nigerian inventory market is dividend cost. Past being a easy money reward, dividends function a robust sign of earnings high quality, balance-sheet power, and administration confidence and may swing a inventory’s outlook positively.
As of the top of the third quarter (Q3) of the 2025 monetary yr (FY2025), about 21 listed firms had declared interim and/or remaining dividends totaling about N581 billion from a mixed revenue after tax (PAT) of N3.7 trillion, in response to knowledge from Nairametrics Analysis.
This represents an mixture payout ratio of roughly 15.7% signaling sturdy shareholder return momentum throughout key sectors.
It is very important observe that not all firms declare interim dividends.
- Corporations akin to Dangote Cement, BUA Meals, and BUA Cement have a constant report of paying solely remaining dividends.
This protection strictly focuses on dividends declared and/or paid for the present 2025 monetary yr, that’s, payouts funded from firms’ 2025 earnings as captured of their Q1–Q3 monetary statements, or from these whose monetary yr ends in 2025.
It does not embrace dividends paid in 2025 that had been declared for the 2024 monetary yr, which generally adopted audited FY2024 outcomes earlier within the yr.
The goal is to focus on firms which have rewarded shareholders from their 2025 earnings up to now, offering a transparent image of dividend efficiency and payout traits inside the ongoing monetary cycle.
Aradel Holdings Plc ranked fifth, declaring an interim dividend of N10 per share for Q3 2025, totalling N43.45 billion, representing an 18% payout ratio from its N245 billion nine-month PAT.
Compared, for the 2024 monetary yr, the corporate paid an interim dividend of N8 per share and a remaining dividend of N22 per share from a N110.58 billion PAT, reflecting the next payout ratio.
As of September 2025, Aradel’s share value closed at N615, up 2.84% year-to-date, and has since superior to N717.50, pushing its year-to-date achieve to twenty%