Chemical and Allied Products Plc (CAP) has secured shareholder approval for a final dividend of N4.00 per ordinary share for the financial year ended 31 December 2025.
The payout represents a 67% increase over the previous year's distribution, signaling improved profitability and cash generation for the Lagos-listed industrial conglomerate.
The total dividend commitment amounts to N3.26 billion.
This substantial return of capital reflects the company's ability to navigate a challenging macroeconomic environment in Nigeria, where inflation and currency volatility have pressured many domestic manufacturers.
The approval underscores management's confidence in the firm's liquidity position and operational resilience.
The dividend decision comes as Nigerian equities face mixed signals from broader market trends.