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:
Abbey Mortgage Bank Plc will pay a dividend of 12 kobo per share on May 25, 2026 following a strong earnings performance in 2025 that saw the mortgage lender more than double its profit after tax and significantly improve earnings per share.
The proposed dividend of 12 kobo per 50 kobo ordinary share is 100% increase over 6kobo in 2024, sustaining its resumed history of dividend payment since 2023.
However, the payout is subject to shareholders’ approval at its 34th Annual General Meeting scheduled for May 25, 2026.
In its audited 2025 financial results, Abbey Mortgage Bank reported a pre-tax profit of N3.12 billion, representing a 154.32% increase compared to N1.22 billion recorded in the previous year.
The strong performance was driven by growth in interest income, which rose to N18.97 billion from N11.95 billion in 2024 with the net interest income at N5.08 billion, up 49.81% YoY from N3.40 billion.
Cash and short-term funds contributed the largest share of interest income at N14.2 billion, while investment securities generated N2.5 billion and loans contributed N2.1 billion.
Despite a sharp rise in interest expenses to N13.8 billion from N8.5 billion, net interest income climbed to N5.08 billion, up 49.81% year-on-year.
On the non-interest income side, fees and commissions contributed N766.8 million, while other operating income stood at N297.5 million, bringing total operating income to N6.16 billion.
After accounting for an impairment charge of N15.2 million, net operating income remained strong at N6.1 billion, representing a 62.66% increase from the previous year.
Operating expenses rose moderately to N3.04 billion from N2.56 billion, largely due to personnel expenses and depreciation costs, leaving the bank with a pre-tax profit of N3.1 billion.
Post-tax profit settled at N2.16 billion after income tax expenses of N960.5 million, compared to N1.06 billion recorded in the prior year.
Earnings per share increased to 21 kobo from 11 kobo in 2024.
On the balance sheet, total assets expanded significantly to N165.8 billion from N84.2 billion, supported largely by growth in financial investments, which accounted for 64.8% of total assets.
Customer deposits helped drive total liabilities higher to N155 billion from N75 billion, while shareholders’ equity rose to N10.78 billion with retained earnings of N2.4 billion.
The bank also disclosed plans to strengthen its capital base through multiple fundraising initiatives, including a proposed private placement of up to N64.5 billion and a broader N100 billion capital raise programme involving debt and equity instruments.
