Meyer proposes 45k dividend for shareholders, sets payment date

Shareholders of Meyer Plc are set to receive a dividend of 45 kobo per share for the 2025 financial year, following a recommendation by the company’s board, according to its notice of annual general meeting (AGM).

The proposed dividend, which is subject to applicable withholding tax, will be paid to shareholders whose names appear on the company’s register as at the close of business on April 30, 2026. Payment is scheduled for May 25, 2026, positioning the paint manufacturer among firms maintaining steady returns despite a challenging operating environment.

The dividend announcement forms part of the agenda for Meyer Plc’s 54th AGM, slated for May 22, 2026, in Lagos, where shareholders will vote on the approval of the payout alongside other routine business, including the presentation of audited financial statements for the year ended December 31, 2025.

The register of members will be closed between May 1 and May 4, 2026, to allow the company to update its shareholder records ahead of the dividend qualification date.

In addition to the dividend consideration, the AGM will also deliberate on corporate governance matters such as the re-election of directors and the appointment of auditors, reflecting the company’s ongoing efforts to strengthen its governance framework.

Meyer Plc also urged shareholders with unclaimed dividend warrants to contact its registrar, Greenwich Registrars & Data Solutions Limited, to facilitate payment or revalidation, highlighting a persistent issue of unclaimed dividends within Nigeria’s capital market.