BUA Foods Tops NGX Dividend Yield Rankings as Seven Stocks Go Ex-Dividend in One Week
BUA Foods Plc has emerged as the highest-yielding stock among seven companies that went ex-dividend on the Nigerian Exchange (Nigerian Exchange) during the week ended June 5, 2026, offering investors a dividend yield of 2.98%. The food giant led the pack after distributing N28.00 per share, reinforcing its position as one of the market’s most influential consumer goods stocks. The adjustment reflects a broader wave of dividend activity across listed Nigerian companies as the 2025 earnings season continues to drive shareholder payouts.
Other firms that went ex-dividend during the week include Chemical and Allied Products Plc (CAP), Beta Glass Plc, Julius Berger Nigeria Plc, Jaiz Bank Plc, Skyway Aviation Handling Company Plc, and Industrial and Medical Gases Nigeria Plc. Among them, Chemical and Allied Products Plc delivered a strong 2.28% yield, while Julius Berger Nigeria Plc followed with 1.37%, supported by robust profit growth and steady construction-sector demand. Jaiz Bank Plc, Skyway Aviation Handling Company Plc, and Industrial and Medical Gases Nigeria Plc posted more modest yields ranging between 0.77% and 1.33%.
Despite the attractive payouts, the data highlights a key market reality: high dividend value does not always translate into high yield. Stocks like Beta Glass Plc and BUA Foods Plc, while paying strong absolute dividends, recorded relatively lower yields due to their already elevated share prices. Beta Glass, for instance, has surged significantly over the past year, showing how capital appreciation can compress yield percentages even when earnings remain strong. This dynamic continues to shape investor expectations in a market where valuation levels have expanded sharply.
The week’s activity fits into a broader dividend season across the Nigerian equities market, where major players such as Dangote Cement Plc, MTN Nigeria Plc, GTCO Plc, Zenith Bank Plc, BUA Cement Plc, and Lafarge Africa Plc have also announced substantial payouts. These distributions reflect strong 2025 corporate earnings, with many companies funding dividends directly from profits rather than reserves—an encouraging signal for income-focused investors tracking the sector.
For investors, the latest NGX dividend rankings underline an important takeaway: timing and entry price matter as much as dividend size. While BUA Foods Plc leads in headline yield, other stocks may offer higher “yield on cost” depending on acquisition price. As Nigeria’s equity market continues its multi-year rally, dividend strategies are increasingly being weighed alongside capital gains, making income investing more nuanced—and more competitive—than ever.
source: nairametrics