Zenith Bank Declares N15.70bn As Interim Dividend To Shareholders

Zenith Bank Plc has declared an interim dividend of N15.70 billion (representing N0.50 per share) to be paid to shareholders for the half year ended June 2023.

Also Read: 2nd Cycling Lagos Gets Government Backing, Set To Discover New Talents

This was disclosed in the company’s corporate action announcement to the Nigerian Exchange Limited (NGX) and obtained by Nairametrics.

The Board of Directors of the company proposed the payment of an interim dividend in the sum of N0.50kobo per ordinary share on the issued capital of 31,396,493,786 Ordinary Shares.

Details of dividend payments

  • The Bank disclosed that the interim dividends would be paid to shareholders whose names appear in the Register of Members at the close of business on September 22, 2023, subject to the appropriate withholding tax.
  • In terms of payment, shareholders would receive their dividends on September 29th, 2023 electronically provided their names appear on the Register of Members as of September 22nd, 2023, and have completed the e-dividend registration which mandates the Registrar to pay their dividends directly into their bank.

Unclaimed Dividends

  • Zenith Bank also disclosed that shareholders who are yet to complete the e-dividend registration are advised to download the Registrar’s E-Dividend Mandate Activation.
  • Also, shareholders with dividend warrants and share certificates that have remained unclaimed or are yet to be presented for payment or returned for validation are advised to complete the e-dividend registration form or contact the Registrar.

What You Should Know

Zenith Bank Plc has released its audited half-year financial report for the month ended 30th June 2023.

The group reported profit before tax of ₦350.36billion, representing an increase of 169.5% over ₦ 130.00 billion recorded in the corresponding period ended June 2022.

Source: Nairametrics


%d bloggers like this: