Ikeja Hotel Plc has announced an interim dividend of three kobo per share for the period ended 31 March 2026, marking a positive start to the financial year for its shareholders.
The hospitality giant, which operates iconic properties including the Sheraton Lagos Hotel, confirmed that the payout is subject to appropriate withholding tax and official regulatory approval.
According to the corporate action filed with the Nigerian Exchange, the dividend will be paid to shareholders whose names appear in the Register of Members as of the close of business on Friday, 8 May 2026.
The announcement follows a period of robust financial performance for the company, which saw revenue grow to N6.67bn in the first quarter, driven by higher room occupancy and a recovery in the food and beverage segment.
In the official notice signed by Olubunmi Asotie for OOT Nominees Ltd, the Company Secretary emphasised that the firm is prioritising electronic efficiency for the upcoming disbursement.
“On Friday, 5 June 2026, dividends will be paid electronically to shareholders who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their bank accounts,” the statement confirmed.
The company also used the announcement to address the persistent issue of unclaimed dividends within the capital market. If you haven’t transitioned to the electronic system yet, please take immediate action to secure your funds.
“Shareholders with dividend warrants and share certificates that have remained unclaimed or are yet to be presented for payment are advised to complete the e-dividend registration or contact the Registrar,” the notice stated.
This push for digital migration aligns with broader market reforms aimed at reducing the backlog of unclaimed wealth and ensuring investors receive their returns in a timely, transparent manner.
Looking ahead, the hospitality leader has scheduled the closure of its Register of Shareholders from Monday, 11 May to Friday, 15 May 2026, to facilitate the payment process. By maintaining a consistent payout despite inflationary pressures in the hospitality sector, Ikeja Hotel Plc continues to signal stability to its investor base.
The board remains focused on sustaining this momentum. The Company Secretary noted that the current strategy is built on “sustaining confidence and supporting the long-term growth” of the company’s footprint in the Nigerian market.
