Shareholders of the Nigerian Aviation Handling Company Plc at the weekend commended the board and management of the ground-handling group for its impressive performance and sustained improvements in returns.
At the Annual General Meeting, shareholders approved the payment of N12.18bn in cash dividends and the distribution of 278.44m ordinary shares of 50 kobo each as bonus shares for the 2025 business year.
The N12.18bn gross cash dividend represented an increase from the N11.58bn paid for the 2024 business year, marking five consecutive years of increase in payouts in the company’s history of unbroken dividend payments.
Shareholders received a dividend per share of N6.25 for the 2025 business year compared with N5.94 paid for the previous year. Also, with the bonus issue of one ordinary share of 50 kobo each for every seven ordinary shares held, shareholders saw an automatic 14.3 per cent increase in their shareholdings. A shareholder with 1,000 shares received an additional 143 bonus shares, increasing the total shareholding to 1,143 shares.
At the meeting, shareholders said they were impressed with NAHCO’s sustained performance and the investor-friendly disposition of the board. They noted that the company had continued to witness strong fundamental performance every year, which had also seen consecutive improvements in dividends.
