WorldStage– NPF Microfinance Bank majorly owned by the Nigeria Police Co-operative Society Limited (62 percent), on Friday announced to shareholders its 2026 proposed dividend of 20 kobo per share, its highest dividend since 2020.
It’s expected to be approved during its June 11 Annual General Meeting.
The bank’s growth in key areas include 82 percent rise in profit from N1.6 billion in 2024 to N2.9 billion in the reporting year, and 57 percent rise in retained earnings from N2.3 billion in 2024 to N3.6 billion the year after.
Its current debt-asset ratio 0.8 (80 percent) and cash and cash equivalent of N19.9 billion as of December also indicate the bank has liquidity that can support the dividend it proposed.
The payout for its 5.99 billion outstanding shares amounts to N1.2 billion, which is 33 percent of its retained earnings.
But the dividend growth rate at -0.84 percent brings down the yield to 0.04 percent, compared to 6.98 percent at 12 kobo in 2024, and 10.76 percent at 18 kobo in 2020.
