Nigeria’s leading construction giant, Julius Berger Nigeria Plc (JBN), has announced a gross dividend payout of ₦5.2 billion to its shareholders for the 2024 financial year, reinforcing investor confidence in the company’s financial health and operational resilience.
The announcement came following the company’s 55th Annual General Meeting (AGM) held in Abuja on Monday, where shareholders unanimously approved a dividend of ₦3.20 per share, up from ₦2.50 in the previous year—a 28% increase.
The dividend payout underscores Julius Berger’s strong performance in 2024, driven by increased project volumes, improved cost efficiencies, and diversification into new business segments, including its growing footprint in the real estate and industrial sectors.
Strong Operational Year
According to the company’s audited financial statements, Julius Berger recorded significant growth in both revenue and profit, buoyed by major federal and state infrastructure contracts and a robust project pipeline in the oil and gas, transport, and industrial sectors.
“This dividend reflects our continued commitment to delivering value to shareholders while maintaining operational excellence and financial discipline,” said Dr. Lars Richter, Managing Director of Julius Berger Nigeria Plc. “Despite macroeconomic challenges, we remained focused on execution and strategic growth.”
Shareholders Applaud Corporate Governance
During the AGM, shareholders praised the company’s leadership and financial transparency. They also highlighted Julius Berger’s consistent dividend policy, which has set it apart in Nigeria’s construction sector.
“We are not only seeing returns, but we are witnessing long-term confidence in the board’s decisions,” said Chief Eze Nwachukwu, a shareholder representative. “In times of economic uncertainty, this kind of stability is rare.”
The company also reaffirmed its commitment to sustainability, local workforce development, and digital transformation in its project management processes.
Outlook for 2025
Looking ahead, Julius Berger plans to deepen its investments in real estate through its subsidiary, Julius Berger Investments Limited, and expand infrastructure development partnerships with both public and private sectors. The firm says it will also continue exploring renewable energy integration across project sites as part of its ESG commitments.
Analysts say the company’s continued dividend growth and project pipeline place it in a strong position to navigate potential economic headwinds, including currency fluctuations and inflationary pressures.
About Julius Berger Nigeria Plc
Founded in 1950 and incorporated in Nigeria in 1970, Julius Berger remains one of the country’s most trusted infrastructure and engineering companies, known for landmark projects such as bridges, highways, airports, and industrial plants.
