PZ Cussons Nigeria Plc has proposed a final dividend of ₦2.50 per share for the financial year ended May 31, 2026, with shareholders set to decide on the proposal at the company’s Annual General Meeting on October 28, 2026.
The proposed dividend is subject to the applicable withholding tax and shareholder approval at the AGM.
Key Dividend Dates
Shareholders whose names appear on the company’s register as of the close of business on October 9, 2026, will qualify for the proposed dividend.
The company will close its register of members from October 12 to October 16, 2026, both dates inclusive.
If approved, the dividend will be paid on October 30, 2026, through electronic transfers to qualifying shareholders who have completed their e-dividend registration.
Shareholders Can Opt for Shares Instead of Cash
PZ Cussons Nigeria is also proposing a scrip dividend option, which would allow qualifying shareholders to elect to receive new ordinary shares in the company instead of the final dividend in cash.
Shareholders who wish to take the share option must make their election by October 23, 2026.
The number of shares allocated under the scrip option will be determined using a 10-day trading average of PZ Cussons Nigeria’s share price on the Nigerian Exchange, with the reference period beginning on October 12, 2026.
The scrip option gives shareholders an alternative to receiving the dividend entirely in cash and could allow investors who choose to reinvest their dividend to increase their exposure to the company.
AGM Set for October 28
The company’s Annual General Meeting is scheduled for October 28, 2026, at 11:00 a.m. at the Ballroom, Fraser Suites, Abuja.
The proposed ₦2.50 final dividend will be one of the key matters requiring shareholder approval at the meeting.
PZ Cussons Nigeria’s proposed ₦2.50 final dividend provides a direct cash return to qualifying shareholders, while the proposed scrip option gives investors the choice to retain their economic exposure to the company through additional shares rather than taking the dividend in cash. Investors should note the October 9 qualification date and October 23 deadline for the scrip election.
