MTN Nigeria Plc, Okomu Oil Palm Plc, Seplat Energy Plc, BUA Cement, and Zenith Bank Plc are top among 18 NGX-listed companies that are paying dividends in May 2026.
This is according to the corporate disclosures filed by the companies with the Nigerian Exchange (NGX) and compiled by Nairalytics, the research analysis unit of Nairametrics.
MTN and Okomu Oil propose to pay a final dividend of N15 per share each company, Seplat Plc is paying about N12.60 per share for the first quarter (Q1) 2026. BUA Cement Plc has proposed a N10 per share dividend, slightly higher than N8.75 per share final dividend by Zenith Bank.
Spanning banking, telecoms, industrial goods, oil and gas, and financial services, the dividend-paying firms highlight a broad-based distribution of profits despite prevailing macroeconomic challenges.
Here’s a breakdown of the companies and their dividend payouts:
MTN Nigeria leads the list with a N15 per share dividend payable on May 5, 2026, underscoring its strong cash flow generation and dominant position in Nigeria’s telecoms sector. The company remains one of the most attractive income stocks on the NGX.
Following a strong rebound to profit in full year 2025, MTNN board of directors proposed a final dividend of N15 per share, bringing the total dividend for the 2025 financial year to N20 per share.
The dividends will be paid electronically to shareholders whose names appear on the Register of Members as of April 8, 2026, and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their bank accounts.
In its audited 2025 financial results for the period ended December 2025 filed on NGX, the telecom giant reported a record N1.70 trillion in 2025, compared to a pre-tax loss of N550.3 billion in 2024.
Total revenue stood at N5.20 trillion, up +54.9% year-on-year, while profit after tax settled at N1.11 trillion compared to a N400.4 billion loss in the prior year. Earnings per share jumped to N53.07, up from a negative -N19.05.
