Lafarge Africa Hits 52-Week High Ahead of Dividend Payment
Market value of Lafarge Africa Plc.’s 16.107 outstanding shares climbed by 8.52% to N3.756 trillion in the Nigerian Exchange on Friday, its highest in 52 weeks.
The cement company’s share price rose to N233.20 as 9.10 million units valued at N2.104 billion were traded in the local bourse.
Lafarge hit a one-week low at N212 but closed much stronger as investors took positions ahead of its Q1 2026 earnings release.
A slew of equity analysts anticipate strong performance in the first quarter, an expectation anchored on volume and a cement price surge.
The cement company planned to hold an annual general meeting of shareholders on April 30, during which it would declare final dividends.
A final dividend of 600 kobo per unit of 50 Kobo ordinary share was proposed by Lafarge Africa’s board of directors, subject to shareholders’ approval and deduction of appropriate withholding tax.
The company planned to distribute dividends to shareholders whose names are in the Register of Members as at the close of business on Friday, 3rd April 2026.
It said if the shareholders approve the proposed dividend at the annual meeting, the amount will be distributed on April 30 to eligible and qualified shareholders. Guinness Nigeria Hits 52-Week High on Sharp Intraday Gain
