Close Menu
    Subscribe
    Friday, May 29
    Companies

    BUA Foods Hits 52-week High, Market Value Rises to N8.26trn

    Olu AnisereBy No Comments1 Min Read
    BUA Foods Hits 52-week High, Market Value Rises to N8.26trn

    BUA Foods Hits 52-week High, Market Value Rises to N8.26trn

    BUA Foods Plc hit 52-week high in the equities market as investors as 151,746 volume exchanged hands. The soft trading volume pushed the stock price higher to N459 from N440 – following a significant increase in dividend.

    According to data from the Nigerian Exchange, BUA Foods Plc ranked as the second most valuable brand listed in the local bourse in terms of market capitalisation.

    Investors valued the company’s 18 billion shares outstanding at N8.272 trillion after 151746 units exchanged hands in the market on Tuesday.

    BUA Foods Plc has enjoyed strong upside since it became listed company, but majority of the company’s shares rest with its founder.

    The company offered to pay shareholders N13 as dividend, which was fully covered both earnings and cash flows.

    The dividend BUA Foods offered shareholders translates to 70% payout ratio and 61% cash payout ratio. Analysts anticipate the company share price to stabilised around the current levels ahead of Q2 earnings release. #BUA Foods Hits 52-week High, Market Value Rises to N8.26trn#

    CBN Extends Recapitalisation of BDCs to December

    Share.

    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

    Related Posts

    Add A Comment

    Comments are closed.