FBN Holdings Plc (NGX: FBNH), the parent company of First Bank of Nigeria Limited, has declared a final dividend of 40 kobo for the 2023 financial year ended 31 December, 2023.
Also read; List of Dividends announced in 2024, qualification and payment dates
The dividend amounting to ₦14.35 billion will be subject to appropriate withholding tax and approval of shareholders at the next Annual General Meeting (AGM).
Qualification date for the dividend is set as August 13, 2024. On August 23, 2024, dividends will be paid electronically to shareholders whose names appear on the Register of Members as at August 13, 2024 and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.
Shareholders who are yet to complete the e-dividend registration are advised to download the Registrar’s E-Dividend Mandate Activation Form, which is also available on the website of the Registrars, Meristem Registrars and Probate Services Limited, complete and submit to the Registrar or their respective Banks.
The Company’s Annual General Meeting will be held on Wednesday, August 22, 2024 at 10.00am.
FBN Holdings Plc posted a profit of ₦310.37 billion for the year (2022: ₦136.17 billion) and an Earning per Share of ₦8.59 (2022: ₦3.75).
About the Company
The Company was incorporated as a private limited liability company in Nigeria in 2010 and was converted to a public company in September 2012, when it commenced operations. The Company’s shares were listed on the floor of the Nigerian Exchange Limited (formerly known as the Nigerian Stock Exchange) on 26 November 2012, after the shares of the erstwhile First Bank of Nigeria Plc were delisted on 23 November 2012.
The Company’s principal activity is raising and allocating capital and resources. The Company is responsible for managing shareholders, coordinating Group-wide financial reporting to shareholders, investors and external relations with the Group. It also develops and coordinates the implementation of the Group’s strategies.
The Company has six direct subsidiaries, namely: First Bank of Nigeria Limited, FBNQuest Merchant Bank Limited, FBNQuest Capital Limited, FBNQuest Trustees Limited, FBN Insurance Brokers Limited, Rainbow Town Development Limited; and indirect subsidiaries, namely: FBNBank (UK) Limited, FBNBank DR Congo Limited, FBNBank Ghana Limited, FBNBank Sierra Leone Limited, FBNBank Guinea Limited, FBNBank Gambia Limited, FBNBank Senegal Limited, First Pension Custodian Nigeria Limited, FBNQuest Asset Management Limited, FBNQuest Securities Limited, FBNQuest Funds Limited, FBNQuest Capital Partners Limited, FBNQuest Property Ventures Limited and FBN Ivory Nigeria Limited.
Nnamdi Maduakor is a Writer, Investor and Entrepreneur
