VFD Hits 52-Week High as Dividend Hunters Take Positions
VFD Group Plc. topped performers in the equities market with about 54% price appreciation that lifted the diversified investment company’s market value on the Nigerian Exchange in the just concluded.
Breaking its old resistance level after its 2024 earnings beat, trading data from the Nigerian bourse showed that VFD Group Plc market value crossed N111 billion at the close of Friday session on the back of its latest monster rally.
The diversified investment company stock reached an all-time high as investors swarmed around its share ahead of its attractive dividend payment. VFD share price rose sharply amidst huge trading volume, up by about 53.90% week on week to N87.70 as the investment company gained investors attention.
Its share price climbed on Friday as N3.758 million units valued at N328.154 million exchanged hands in the local bourse. The volume of shares traded has been heavy since the beginning of the week—by buy-side actors.
Stockbrokers said demand increased ahead of VFD group’s 22 April dividend qualification date. The investment company board of directors proposed a final dividend of N2.50K per share to be paid to shareholders.
The condition attached to the dividend is that the shareholders names must appear in the Register of Members as of the close of business on 22nd day of April 2025.
The dividend is also subject to appropriate withholding tax and approval, according to VFD Group regulatory filing in the domestic bourse.
VFD group said it will pay dividends electronically to shareholders whose names appear on the Register of Members as of 22nd April 2025 and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their bank accounts on May 8, 2025. #VFD Hits 52-Week High as Dividend Hunters Take Positions First Holdco Falls below N1 Trillion in Equities Market
