{"id":9807,"date":"2026-08-26T10:22:59","date_gmt":"2026-08-26T10:22:59","guid":{"rendered":"https:\/\/ograsset.com\/?p=9807"},"modified":"2026-08-26T10:23:01","modified_gmt":"2026-08-26T10:23:01","slug":"mutual-benefits-approves-n802m-dividend-payout","status":"publish","type":"post","link":"https:\/\/ograsset.com\/index.php\/2026\/08\/26\/mutual-benefits-approves-n802m-dividend-payout\/","title":{"rendered":"Mutual Benefits approves N802m dividend payout"},"content":{"rendered":"\n
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M<\/strong>utual Benefits approves N802m dividend payout<\/strong><\/p>\n\n\n\n

Shareholders of Mutual Benefits Assurance Plc have approved a total dividend payout of N802.46m for the financial year ended 31 December 2025, following the company\u2019s 30th Annual General Meeting.<\/p>\n\n\n\n

The approved payout of four kobo per ordinary share of 50 kobo represents a 100 per cent increase compared with the distribution in the prior year, earning commendation from equity investors during the virtual meeting.<\/p>\n\n\n\n

Commending shareholders for their steadfast loyalty and active participation in corporate affairs, Board Director, Adesoye Olatunji, who chaired the meeting on behalf of the Board Chairman, Akin Ogunbiyi, noted that the corporate action underscores the company\u2019s balance sheet resilience.<\/p>\n\n\n\n

\u201cThe successful conclusion of the 30th AGM reflects Mutual Benefits\u2019 enduring commitment to sound corporate governance, regulatory compliance and sustainable value creation,\u201d Olatunji stated.<\/p>\n\n\n\n

Reaffirming the underwriter\u2019s strategic focus going forward, he added, \u201cMutual Benefits remains focused on delivering long-term value, while strengthening its market position in an evolving insurance landscape.\u201d He further assured investors that the board and executive team remain dedicated to building a stronger institution guided by its core brand promise of \u201ccreating and protecting wealth.\u201d<\/p>\n\n\n\n

The meeting was attended by key executive leaders, including the Managing Director\/CEO, Mr Femi Asenuga; the Managing Director\/CEO of Mutual Benefits Life Assurance Ltd, Mr Biyi Ashiru-Mobolaji; Executive Director (Technical), Mr Joseph Oladokun; and Company Secretary, Mr Jide Ibitayo.<\/p>\n\n\n\n

Representatives from regulatory and statutory bodies were also present, including the National Insurance Commission, Securities and Exchange Commission, Nigerian Exchange Limited, Corporate Affairs Commission, KPMG Professional Services, and Apel Capital Registrars Limited.<\/p>\n\n\n\n

The dividend approval coincides with a defining moment for the insurance firm, following its successful completion of NAICOM\u2019s recapitalisation exercise. Equipped with an expanded capital base and enhanced risk-bearing capacity, the insurer is positioning itself to deepen penetration, leverage technical innovation, and expand its market share across the industry.<\/p>\n\n\n\n

Source: https:\/\/punchng.com\/mutual-benefits-approves-n802m-dividend-payout\/<\/em><\/p>\n\n\n\n

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Mutual Benefits approves N802m dividend payout Shareholders of Mutual Benefits Assurance Plc have approved a total dividend payout of N802.46m for the financial year ended 31 December 2025, following the company\u2019s 30th Annual General Meeting. The approved payout of four kobo per ordinary share of 50 kobo represents a 100 per cent increase compared with… <\/p>\n

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