Haldane McCall Eyes Long-term Growth, Commits To 30% Dividend Payout

Haldane McCall Plc has reaffirmed its commitment to a 30 per cent dividend payout policy, underpinned by recurring hospitality income and disciplined capital allocation, as it positions itself for long-term shareholder value creation.

The group managing director of Haldane McCall, Dr Edward Akinlade, provided insight into the company’s capital strategy and shareholder return outlook, highlighting a dual approach: recurring hospitality income and strategic residential developments.

He stated that the firm’s priority remains delivering predictable returns for shareholders.

“Even as we expand into West Africa, our priority remains delivering predictable returns for shareholders.”

Akinlade noted the successful leasing of 48 apartments in Porto-Novo, Benin Republic, as proof of regional demand. “This is a key milestone, demonstrating that our phased expansion and disciplined project execution generate tangible results.”

According to him, the company’s N250 billion debt programme, structured in tranches, is designed to align with project cash flows and mitigate borrowing risks, and complemented by a rights issue to support shareholder participation.

“Our Suru Express Hotels portfolio continues to grow occupancy and earnings, giving us recurring revenue that underpins dividends.”

He disclosed that with residential projects like Majidun Estate in Ikorodu and completed developments in Ketu, Lagos, and Porto-Novo, the company is positioning itself for long-term shareholder value creation while exploring selective opportunities in Ghana and Benin Republic.

“The company maintains a dividend payout policy of 30 per cent of net profit, underpinned by recurring hospitality income, phased project delivery and disciplined capital allocation, a framework, as we designed to balance growth ambitions with consistent shareholder returns,” Akinlade said.

Haldane McCall Plc was incorporated on March 27, 2012, as a private limited company focused on real estate, and it is listed on the Nigerian Exchange. The Company operates in the real estate and hospitality industry, specialising in the development, management, and sale of premium properties across Nigeria and the broader African market.