VFD Group Soars as Investors React to Dividend Update
Diversified investment company VFD Group Plc’s market value soared by about 54% in the last seven trading sessions in the equities segment of the Nigerian Exchange. Up by 27.4% in three days, the market is reacting positively to the group’s dividend notice filed on the Nigerian Exchange last week.
Its share price moved against the trend on the Nigerian Exchange on Wednesday, gaining 10% as more than 1.179 million units valued at N84.852 million exchanged hands.
The rally pushed up the company’s share price to N72.6 on Wednesday, from N47.2 in the last session in March. The diversified investment company has been gaining investors attention in six out of seven trading sessions in the market.
The rally has shifted the market value of the company’s 1.266 billion shares outstanding on NGX to N91.973 billion, according to data from the trading platform.
VFD told the Nigerian Exchange that the group will pay N2.50K per share to shareholders whose names appear in the Register of Members as at the close of business on the 22nd day of April 2025, subject to appropriate withholding tax and approval.
On May 8, 2025, dividends will be paid electronically to shareholders whose names appear on the Register of Members as at 22nd April 2025 and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their bank accounts. First Holdco Falls below N1 Trillion in Equities Market
