Seplat Energy Plc, Julius Berger Nigeria Plc, and NPF Microfinance Bank Plc are among six NGX-listed companies whose qualification dates for dividend payments fall in May 2026.

This is according to corporate disclosures filed with the Nigerian Exchange (NGX) and compiled by Nairametrics Research from company filings and audited financial statements.

The qualification date is the cutoff date set by a company to determine which shareholders are eligible to receive a declared dividend.

Investors who hold shares of a company on or before this date are entitled to the dividend payment, while those who purchase shares after the qualification date will not qualify for that particular payout.

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This makes the qualification date a critical reference point for income-focused investors tracking dividend opportunities across the market.

Among the companies, Seplat Energy Plc leads with a proposed final dividend of 5 cents per share, which, when converted to Naira, is expected to surpass other declared dividends, though the exact Naira equivalent is yet to be confirmed.

Spanning construction, oil and gas, banking, insurance, industrial goods, and financial services, the companies present a varied picture of financial performance against a backdrop of elevated operating costs.

Here is a breakdown of the companies and their qualification dates: 

Julius Berger Nigeria Plc (May 29)

Julius Berger Nigeria Plc proposed a final dividend of N4.25 per share with qualification date scheduled for May 29, 2026, while payment is expected on June 19, 2026.

The construction giant maintained a strong earnings performance in 2025, supported by growth in revenue and improved profitability across major business segments.

Revenue rose to N759.87 billion in 2025, representing a 34.1% year-on-year increase from N566.71 billion recorded in 2024.

Profit before tax stood at N40.95 billion, while post-tax profit settled at N30.17 billion compared to N15.51 billion in the previous year, indicating a 94.5% growth in profit after tax.

Earnings per share stood at N18.69, highlighting the company’s strong capacity to sustain shareholder returns despite rising infrastructure and financing costs.

Halldane McCall Plc (May 28)

Halldane McCall Plc proposed a final dividend of N0.05 per share with qualification date fixed for May 28, 2026, while payment is expected on June 18, 2026.

The real estate company posted mixed financial performance during the 2025 financial year as profitability weakened amid softer revenue generation.

Revenue declined by 37.5% year-on-year to N2.28 billion compared to N3.64 billion recorded in 2024.

Profit before tax stood at N755 million, while profit after tax declined slightly to N642 million from N680 million recorded in the prior year.

Despite the moderation in earnings, the company maintained dividend payment to shareholders, reflecting confidence in its long-term real estate development strategy.

AIICO Insurance Plc (May 27)

AIICO Insurance Plc proposed a final dividend of N0.12 per share with qualification date scheduled for May 27, 2026. Payment is expected on June 5, 2026.

The insurer delivered improved financial performance in 2025 driven by stronger underwriting income and investment gains.

Revenue rose to N137.03 billion, representing a 26.5% increase compared to N108.36 billion recorded in 2024.

Profit before tax stood at N24.36 billion while post-tax profit increased by 49.3% year-on-year to N22.68 billion from N15.19 billion recorded in the prior year.

Earnings per share settled at N0.62, reinforcing the company’s improving profitability and balance sheet strength within the insurance sector.

May & Baker Nigeria Plc (May 19)

May & Baker Nigeria Plc proposed a final dividend of N0.50 per share with qualification date fixed for May 19, 2026, while payment is scheduled for June 4, 2026.

The pharmaceutical company sustained strong earnings momentum in 2025 on the back of improved product demand and operational efficiency.

Revenue rose by 32.4% year-on-year to N38.26 billion from N28.91 billion recorded in 2024.

Profit before tax settled at N6.54 billion while profit after tax surged by 173.7% year-on-year to N4.44 billion compared to N1.62 billion recorded in the previous year.

Earnings per share stood at N2.57, reflecting robust profitability growth and stronger shareholder value creation during the year.

NPF Microfinance Bank Plc (May 19)

NPF Microfinance Bank Plc proposed a final dividend of N0.20 per share with qualification date fixed for May 19, 2026, while payment is expected on June 11, 2026.

The microfinance bank posted strong earnings growth in 2025 supported by higher interest income and expansion in lending activities.

Revenue increased by 49.6% year-on-year to N19.37 billion from N12.95 billion recorded in the prior year.

Profit before tax rose to N4.35 billion while post-tax profit climbed by 84.6% to N2.91 billion compared to N1.57 billion recorded in 2024.

Earnings per share settled at N0.48, underscoring the bank’s improved profitability and resilient financial performance.

Seplat Energy Plc (May 15) 

Seplat Energy Plc proposed a final dividend of 5 cents per share and a special dividend of 3.3 cents per share, with a qualification date scheduled for May 15, 2026, while payment is expected on May 29, 2026.

The company has announced that the exchange rate for the Naira amounts payable will be determined by reference to the relevant exchange rates applicable to the US dollar on May 14, 2026, and will be communicated by the Company on May 15, 2026.

The indigenous energy company sustained strong operational and financial performance in 2025 driven by increased hydrocarbon production and higher energy sales.

Revenue surged to N4.14 trillion from N1.65 trillion recorded in 2024, representing a remarkable 150.4% year-on-year growth.

Profit before tax stood at N755.51 billion while profit after tax rose by 16.2% year-on-year to N241.58 billion compared to N207.87 billion in the previous year.

Earnings per share settled at N409.92, reflecting the company’s strong cash generation and continued ability to reward shareholders despite volatility in global energy markets.

What you should know 

In a recent article, Nairametrics highlighted 18 NGX-listed companies paying dividends in May 2026, with MTN Nigeria, Okomu Oil Palm, Seplat Energy, BUA Cement, and Zenith Bank topping the list.

  • MTN Nigeria will pay its N15 per share final dividend on May 5, 2026, to shareholders whose names appeared on the register as of April 8, 2026, bringing the total dividend for the 2025 financial year to N20 per share following an interim payout earlier in the year.
  • Okomu Oil Palm will also pay N15 per share on May 26, 2026, to shareholders on its register as of the April 27, 2026 qualification date, following a 52.18% year-on-year revenue growth and a 45.03% rise in post-tax profit to N57.9 billion in its 2025 audited results.
  • BUA Cement Plc will pay a final dividend of N10.00 per share on May 21, 2026, to shareholders on its register as of May 8, 2026, supported by a 381.73% surge in profit after tax to N356.04 billion during the 2025 financial year.