BUA Foods Plc emerged as the highest-yielding stock among the seven companies that paid dividends to shareholders last week, with a dividend yield of 2.98%. This analysis is based on price adjustment data from the Nigerian Exchange (NGX).
Seven companies listed on the NGX had their share prices adjusted between June 1 and June 5, 2026, following dividend payments for the 2025 financial year. These companies were Julius Berger Nigeria Plc, Jaiz Bank Plc, Skyway Aviation Handling Company Plc, Beta Glass Plc, Chemical and Allied Products Plc, BUA Foods Plc, and Industrial and Medical Gases Nigeria Plc.
As expected, the ex-dividend prices of these stocks moderated to reflect the dividend amounts deducted from their last closing prices. The dividend yield formula (Annual Dividend Per Share / Current Share Price * 100) highlights the income returns relative to market valuations.
Skyway Aviation Handling Company Plc (SAHCO) delivered the lowest yield at 0.77%, paying N1.20 per share against a last closing price of N155.75. The ex-dividend price adjusted to N155.75.
Jaiz Bank Plc's dividend of N0.11 per share against a N9.00 last closing price resulted in a 1.22% yield. The stock had risen 51.67% in 2025.
Beta Glass Plc paid N7.20 per share against a last closing price of N562.80, yielding 1.28%. The company's stock price had jumped 141.91% in the last year.
Industrial and Medical Gases Nigeria Plc provided a yield of 1.33% on its N0.50 per share final dividend, with the ex-dividend price adjusted to N37.60.
Julius Berger Nigeria Plc's N4.25 per share dividend against a last closing price of N310.80 yielded 1.37%. This payout was supported by a 94.5% year-on-year surge in profit after tax to N30.17 billion in 2025.
Chemical and Allied Products Plc secured the second-highest yield at 2.28%, paying N4.00 per share against a last closing price of N175.10. The company had previously shown strong performance, surging 60.95% in the week ended May 8, 2026.
BUA Foods Plc delivered the highest dividend yield at 2.98%, paying N28.00 per share against a last closing price of N939.00 on June 5, 2026. This substantial payout reflects the company's strong 2025 earnings performance, with pre-tax profit of N521.5 billion.
AIICO Insurance Plc reinforced its market position with a dividend payout of N4.39 billion for the financial year ending December 31, 2025. Shareholders approved a dividend of 12 kobo per share, totaling N4,392,633,121.44.
The AIICO Insurance AGM also saw the appointment of Tunde Mabawonku, Rolake Akinkugbe-Filani, and Sadiq Mohammed as Non-Executive Directors, and Olalekan Akinyanmi as the new chairman of the Board. AIICO Insurance, founded in 1963, provides life and general insurance, health insurance, and investment management services.
