Fidson proposes N1 final dividend as full year profit soars to N5.77bn

Fidson Healthcare Plc has for the period ended December 31, 2024 proposed a final dividend of N1 per 50 kobo ordinary shares.

Fidson share price rallied to N19.45 at the close of trading on Thursday, April 3.

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Its annual report and financial statements for the year ended December 31, 2024 show revenue grew to N84.189 billion from N53.050 billion in 2023, up 59 percent. Its profit before taxation (PBT) rose by 30 percent to N7.7billion from N5.917billion in 2023 financial year.

The company’s profit for the year stood higher at N5.779 billion from N3.607 billion in 2023, up by 59 percent. Earnings per share (kobo) (basic and diluted) rose to 252 kobo from 157kobo in 2023, up 59 percent.

The proposed dividend, subject to appropriate withholding tax and approval of shareholders will be paid to shareholders of Fidson Healthcare whose names appear in the Register of Members as at the close of business on Friday July 11, 2025.

The register of shareholders of the company will be closed from Monday, July 14 to Friday July 18, 2025. The qualification date is Friday, July 11.

Following the annual general meeting, dividends will be paid electronically on
Friday August 1 to shareholders whose names appear on the Register of
Members as at Friday July 11, 2025 and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their bank accounts.

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ByIheanyi Nwachukwu

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Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.