Shareholders of PZ Cussons Nigeria Plc, a leading manufacturer of personal healthcare products and consumer goods, have unanimously approved a final dividend payout of N9.926bn for the 2026 financial year. The dividend was approved at the company’s 78th Annual General Meeting held at the Fraser Suites in Abuja recently.
Speaking during the meeting, the Chair of the Board of Directors, Mrs Ifueko Okauru, MFR, explained that each shareholder would receive a final dividend of N2.50k per ordinary share of 50k each. She also announced that the board has equally approved the implementation of a Scrip Dividend Scheme, under which qualifying shareholders may elect to receive new ordinary shares in the company in lieu of all or part of their cash dividend entitlement.
Mrs Omoigui Okauru stated that the company has demonstrated strong resilience and shown remarkable improvement in operating performance, backed by a restructured balance sheet.
“Our performance is improving year-on-year, and we will continue to leverage our strategic operating model and a more stable macroeconomic environment to drive growth and create value for all stakeholders.”
Shareholders at the meeting commended the board and management for approving the dividend despite the challenging business environment in Nigeria. The Chairman of the Viewpoint Shareholders Association, Uyo, Chief Peter Essien, applauded the company’s leadership for managing the business effectively, citing the improved performance in profit and revenue recorded in the 2026 financial year.
“Special kudos to the board and management of the company for the outstanding performance recorded for the financial year ended 31 May 2026. I am happy and satisfied with the growth witnessed over the last few years,” Essien said.
Also speaking, the Chairman of the New Dimension Shareholders Association, Honourable Patrick Ajudua, lauded the company’s management for its financial prudence and the deleveraging of the balance sheet, the impact of which has been the transition from a negative equity position of -N17.3bn to +N66.6bn.
On the Scrip Dividend, shareholders moved a resolution for the extension of the election deadline from 23 November 2026, to 4 November 2026. It was also approved that the final dividend of N2.5m will be paid on 6 November 2026. The Board Chair stated that the company remains focused on growth and the continuous creation of value for stakeholders, especially after the conclusion of the Strategic Review of the African businesses and the decision by the parent company to retain its Nigerian operation as part of the wider Group. PZ Cussons Nigeria Plc is a leading consumer products manufacturer operating across Nigeria. With over 140 years of heritage, the company produces and distributes household favourites such as Morning Fresh, Premier, Cussons Baby, Carex, Imperial Leather, and Canoe, as well as home appliances under the brand name Haier Thermocool. Headquartered in Ilupeju, Lagos, it drives sustainable growth through local scale and consumer-focused products.