The shareholders of BUA Foods are set to receive N13 as a final dividend per ordinary share of 50 Kobo each for the financial year 2024.
According to a corporate filing on the Nigerian Exchange Limited on Tuesday, only shareholders whose names appear in the Register of Members as of the close of business on 21st August 2025 are eligible for the dividend payout.
The shareholders of BUA Foods Plc enjoyed a 136.36 per cent increase in dividend payout in 2024 compared to the N5.50k that they got in 2023.
As the majority shareholder, billionaire businessman Abdul Samad Rabiu, who holds 89.85 per cent of the stakes in BUA Foods, is expected to corner a significant portion of the dividend payout.
The company, which is involved in processing, manufacturing, production and distribution of food materials such as sugar, flour, pasta, rice, and edible oils as well as packaged foods, brought in about N1.53tn in revenue in 2024, indicating a 109.46 per cent increase from N729.44bn in 2023.
Expectedly, its profit after tax more than doubled to N265.99bn from N112.09bn in the previous year.
In the period under review, BUA Foods made several charitable donations amounting to N860.2m (31 December 2023: N89.9m).
Meanwhile, net finance cost rose by 91.26 per cent to N187.78bn from N98.18bn in the previous year. The components of the finance cost include interest expense of overdraft, interest expense on borrowings, interest on lease liabilities and foreign exchange loss, which was the highest at N173.29bn.
The shares of BUA Foods Plc had closed trading at N418 per unit at the last trading session.
