The directors of Access Bank Nigeria Plc has proposed an interim dividend of 30 kobo per 50 kobo ordinary share for the first half of the year ended 30 June 2021.
The proposed dividend is subject to appropriate withholding tax, with a qualification date of September 16, 2021.
On Wednesday September 29, 2021 the dividend which amounts to N10.66 billion will be paid electronically to qualified shareholders 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, complete and submit to the Registrar or their respective Banks.
The bank’s registrar is Coronation Registrars Ltd. The e-dividend mandate form can be downloaded or filled online on the registrar’s website or the Securities and Exchange Commission (SEC) website.
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Access bank Plc has 35,545,225,622 outstanding shares and a market capitalization of N327.02 billion at the time of this report. The bank’s shares is trading at N9.20 per share, representing a N5 decline from the closing price of N9.25 per share on Thursday.
In the first half of the year, Access bank Plc reported a 42.44% increase in profit to N86.93 billion.
This is the first time the Bank is paying up to 30 kobo as interim dividend since 2014. Access Bank has consistently paid 25 kobo as interim dividend since 2014.
This year’s 30 kobo interim dividend matches Zenith Banks interim dividend for the year.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
