Access Holdings Plc has indeed pledged to more than double its interim dividend to ₦1 per share in 2025, representing a 122% increase from the 45 kobo paid last year.
This decision was made during the company’s 3rd Annual General Meeting (AGM) on May 15, 2025, following pressure from shareholders demanding better returns.
Key Highlights:
– Dividend Increase: ₦1 interim dividend, a 122% increase from 45 kobo in 2024
– Total Dividend for 2024: ₦2.50 per share, with an 11.36% yield at current share prices
– Earnings Per Share (EPS): ₦16.71 in 2024, lagging behind peers like Zenith Bank (₦32.87), GTCO (₦35.44), and UBA (₦21.73)
– Profit Growth: 2024 full-year profit rose to ₦642.2 billion (+3.7% YoY), with Q1 2025 profit increasing by 14.7% YoY to ₦182.75 billion
– Dividend Payout: Total payout of ₦317.2 billion over 5 years, with a 5-Year Dividend CAGR of 44.9%
The increased dividend payout is seen as a strategic move to appease investors and compete with peers in Nigeria’s banking sector.
Shareholders approved a final dividend of ₦2.05 per share for the 2024 financial year, bringing the total dividend payout to ₦125.29 billion
