Investogist
No Result
View All Result
Sunday, July 27, 2025
  • News
    • All
    • Africa
    • Nigeria
    • World
    Federal Government commissions three “ultra-modern” oncology centers

    Federal Government commissions three “ultra-modern” oncology centers

    How to register for Nnamdi Azikiwe University’s 2025/2026 Post-UTME and Direct Entry Screening

    How to register for Nnamdi Azikiwe University’s 2025/2026 Post-UTME and Direct Entry Screening

    Nnamdi Azikiwe University issues notice to Postgraduate Graduands on 17th Convocation Ceremony

    Nnamdi Azikiwe University’s guidelines for 2025/2026 POST-UTME, Direct entry screening exercise

    FG lists 4 border points in Ukraine Nigerians can cross to safety

    FG denies JSS1 admission age rumors, confirms 10-year minimum

    FG approves 300% increase in electricity tariff

    Enugu State Electricity Regulator lacks power to reduce electricity tariff – NERC

    UK bans Nigerian students and others from bringing family

    UK stops issuing new Health and Care Worker visas to foreign workers

    Trump wins a resounding victory in first Republican primary in Iowa

    Trump secures U.S. – Japan strategic trade and investment agreement

    Plane crash in Russia kills all people on board

    Plane crash in Russia kills all people on board

    Nigeria: Status of China loans and the satellite lost in space due to power failure

    11 commercial banks exceeded 5% regulatory limit for non-performing loans

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    “CBN plans to shut down financial transactions” – Apex Bank warns of fake news

    CBN’s Monetary Policy Committee retains interest rate at 27.50%

    President Tinubu approves establishment of South-East Investment Company

    President Tinubu approves establishment of South-East Investment Company

    UK tightens visa rules for care workers, skilled workers and students

    UK tightens visa rules for care workers, skilled workers and students

    United States scraps visa dropbox service for Nigerian applicants

    President Donald Trump cancels protection for 500,000 Haitian migrants

    Spain golden visa scheme ends as Portugal and Greece demand increases

    Spain golden visa scheme ends as Portugal and Greece demand increases

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    CBN ends free ATM withdrawals for other banks’customers

    FG increases private university application fee from N5m to N25m

    FG increases private university application fee from N5m to N25m

    United States scraps visa dropbox service for Nigerian applicants

    United States scraps visa dropbox service for Nigerian applicants

    Buhari says Nigeria security and economy improved during his tenure

    Buhari says Nigeria security and economy improved during his tenure

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    BUA Cement Plc gives notification of Board Meeting and Closed Period

    BUA Cement’s H1 2025 profit after tax jumps by 428.11%

    Obajana Cement Plant has commenced full operation – Dangote Cement Plc

    Dangote Cement Plc reports ₦520.45bn profit for H1 2025

    Mariya Aliko Dangote joins the Board of Directors of Dangote Cement Plc

    Mariya Aliko Dangote joins the Board of Directors of Dangote Cement Plc

    AIICO Board of Directors approve Dividend Payment and  2021 Financial Statements

    Ellah Lakes Plc EGM: ₦250bn capital raise and debt-to-equity conversion approved

    Any refinery with more than 50,000 barrels per day capacity must sell minority share to NNPC – Muhammadu Buhari

    Aliko Dangote retires as Director and Chairman of Dangote Cement Plc

    VFD Group Plc gives notification of the meeting of the Board of Directors

    VFD Group Plc gives notification of the meeting of the Board of Directors

    Transcorp Hotels Plc declares 10 kobo interim dividend for H1 2025

    Transcorp Hotels Plc declares 10 kobo interim dividend for H1 2025

    Dangote Cement and Airtel Africa Plc push Nigerian Stock Market to 0.21% gain

    Airtel Africa Plc posts US$1.41bn for Q1 2026, US$333m from Nigeria

    Capital Hotels Plc gives update on voluntary delisting

    Ikeja Hotel Plc cancels Annual General Meeting

    • Companies
    • Industry
    • Technology
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Nigerian Exchange – Stock Market report for the week ended 7th July, 2023

    The Nigerian Exchange records impressive performance in H1 2025

    Cryptocurrency: XRP hits new All-Time High at US$3.65

    Cryptocurrency: XRP hits new All-Time High at US$3.65

    NGX suspends trading in the shares of four listed companies

    Banking stocks plunge after CBN suspends banks under regulatory forbearance from paying dividends

    ELECTION: Cutix Plc reschedules Board Meeting

    Weekly Report: Nigerian Exchange sees mixed performance as Cutix Plc emerge top gainer

    Again DMO offers N360 billion FGN bond for February

    DMO offers N300 billion FGN bond for auction in May

    NGX Daily Equities Market Report: Market gains for third consecutive days

    CSCS Plc explores listing on the Nigerian Exchange (NGX)

    NGX Daily Equities Market Report: Market gains for third consecutive days

    NGX delists Flour Mills shares, lists additional NB and Jaiz Bank shares

    Bitcoin soars above $21,000 as U.S. dollar sags

    BITCOIN hits $103,000 for the first time

    Bitcoin (BTC) rises above US$90,000 records a new all time high

    Bitcoin (BTC) rises above US$90,000 records a new all time high

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
Investogist
  • News
    • All
    • Africa
    • Nigeria
    • World
    Federal Government commissions three “ultra-modern” oncology centers

    Federal Government commissions three “ultra-modern” oncology centers

    How to register for Nnamdi Azikiwe University’s 2025/2026 Post-UTME and Direct Entry Screening

    How to register for Nnamdi Azikiwe University’s 2025/2026 Post-UTME and Direct Entry Screening

    Nnamdi Azikiwe University issues notice to Postgraduate Graduands on 17th Convocation Ceremony

    Nnamdi Azikiwe University’s guidelines for 2025/2026 POST-UTME, Direct entry screening exercise

    FG lists 4 border points in Ukraine Nigerians can cross to safety

    FG denies JSS1 admission age rumors, confirms 10-year minimum

    FG approves 300% increase in electricity tariff

    Enugu State Electricity Regulator lacks power to reduce electricity tariff – NERC

    UK bans Nigerian students and others from bringing family

    UK stops issuing new Health and Care Worker visas to foreign workers

    Trump wins a resounding victory in first Republican primary in Iowa

    Trump secures U.S. – Japan strategic trade and investment agreement

    Plane crash in Russia kills all people on board

    Plane crash in Russia kills all people on board

    Nigeria: Status of China loans and the satellite lost in space due to power failure

    11 commercial banks exceeded 5% regulatory limit for non-performing loans

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    “CBN plans to shut down financial transactions” – Apex Bank warns of fake news

    CBN’s Monetary Policy Committee retains interest rate at 27.50%

    President Tinubu approves establishment of South-East Investment Company

    President Tinubu approves establishment of South-East Investment Company

    UK tightens visa rules for care workers, skilled workers and students

    UK tightens visa rules for care workers, skilled workers and students

    United States scraps visa dropbox service for Nigerian applicants

    President Donald Trump cancels protection for 500,000 Haitian migrants

    Spain golden visa scheme ends as Portugal and Greece demand increases

    Spain golden visa scheme ends as Portugal and Greece demand increases

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    CBN ends free ATM withdrawals for other banks’customers

    FG increases private university application fee from N5m to N25m

    FG increases private university application fee from N5m to N25m

    United States scraps visa dropbox service for Nigerian applicants

    United States scraps visa dropbox service for Nigerian applicants

    Buhari says Nigeria security and economy improved during his tenure

    Buhari says Nigeria security and economy improved during his tenure

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    BUA Cement Plc gives notification of Board Meeting and Closed Period

    BUA Cement’s H1 2025 profit after tax jumps by 428.11%

    Obajana Cement Plant has commenced full operation – Dangote Cement Plc

    Dangote Cement Plc reports ₦520.45bn profit for H1 2025

    Mariya Aliko Dangote joins the Board of Directors of Dangote Cement Plc

    Mariya Aliko Dangote joins the Board of Directors of Dangote Cement Plc

    AIICO Board of Directors approve Dividend Payment and  2021 Financial Statements

    Ellah Lakes Plc EGM: ₦250bn capital raise and debt-to-equity conversion approved

    Any refinery with more than 50,000 barrels per day capacity must sell minority share to NNPC – Muhammadu Buhari

    Aliko Dangote retires as Director and Chairman of Dangote Cement Plc

    VFD Group Plc gives notification of the meeting of the Board of Directors

    VFD Group Plc gives notification of the meeting of the Board of Directors

    Transcorp Hotels Plc declares 10 kobo interim dividend for H1 2025

    Transcorp Hotels Plc declares 10 kobo interim dividend for H1 2025

    Dangote Cement and Airtel Africa Plc push Nigerian Stock Market to 0.21% gain

    Airtel Africa Plc posts US$1.41bn for Q1 2026, US$333m from Nigeria

    Capital Hotels Plc gives update on voluntary delisting

    Ikeja Hotel Plc cancels Annual General Meeting

    • Companies
    • Industry
    • Technology
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Nigerian Exchange – Stock Market report for the week ended 7th July, 2023

    The Nigerian Exchange records impressive performance in H1 2025

    Cryptocurrency: XRP hits new All-Time High at US$3.65

    Cryptocurrency: XRP hits new All-Time High at US$3.65

    NGX suspends trading in the shares of four listed companies

    Banking stocks plunge after CBN suspends banks under regulatory forbearance from paying dividends

    ELECTION: Cutix Plc reschedules Board Meeting

    Weekly Report: Nigerian Exchange sees mixed performance as Cutix Plc emerge top gainer

    Again DMO offers N360 billion FGN bond for February

    DMO offers N300 billion FGN bond for auction in May

    NGX Daily Equities Market Report: Market gains for third consecutive days

    CSCS Plc explores listing on the Nigerian Exchange (NGX)

    NGX Daily Equities Market Report: Market gains for third consecutive days

    NGX delists Flour Mills shares, lists additional NB and Jaiz Bank shares

    Bitcoin soars above $21,000 as U.S. dollar sags

    BITCOIN hits $103,000 for the first time

    Bitcoin (BTC) rises above US$90,000 records a new all time high

    Bitcoin (BTC) rises above US$90,000 records a new all time high

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
No Result
View All Result
Investogist
No Result
View All Result
Home Markets

Dividend Stocks to watch on the Nigerian Exchange – Th case for Fidelity Bank Plc

Saturday, 17 December 2022, 6:41 pm
in Markets, Stocks/Equities
0
Dividend Stocks to watch on the Nigerian Exchange – Th case for Fidelity Bank Plc
Share Share Share Share Send as Email

On 27th October, 2022, Fidelity Bank Plc (NGX: FIDELITYBK) released its quarter 3 financial statements for period ended 30 September 2022, posting a profit of N34.95bn profit for the period.

On Yochaa’s list of best stocks on the Nigerian Exchange Limited by Dividend Yield, Fidelity Bank Plc ranks #7, with a 5 year average yield of 9.11%.

In this series of “Dividend Stocks to watch on the Nigerian Exchange ahead of 2023,” we take a look at the prospects of Fidelity Bank’s 2022 financial year dividend payout to Shareholders.

  • Have you read?
  • Dividend Stocks to watch on the Nigerian Exchange – The case for UBA Plc
  • Dividend Stocks to watch on the Nigerian Exchange – The case for Zenith Bank Plc

Fidelity Bank Plc is a consistent dividend paying company, that has gradually increased its dividend payout to Shareholders, and even went further to declare an interim dividend in 2022.

For 2017, 2018, 2019, 2020 and 2021, Fidelity Bank paid out total dividends of N0.11, N0.11, N0.20, N0.22, and N0.35 respectively.

Will Fidelity Bank Plc continue on the path of increasing dividend paid to Shareholder?

Investogist Analysts have analyzed the historical trends of Fidelity Bank Plc and can infer a mathematical answer to this question.

Armed with the 9 months financial statements, we were able to project what the full year profit of the company will be.

With a projected profit for the full year period to end on 31 December 2022, and a 5 year historical data on the percentage of its annual profit paid as dividend, we inferred how much dividend Fidelity Bank Plc will pay for this financial year.

Our analysis of the past 5 years shows the below;

  • 2017: Fidelity Bank Plc reported a profit of N14.45bn for the 9 months (9M) ended 30 September 2017, and reported a profit of N17.76bn for the full year period ended 31 December 2017. This represented a 23% difference between the 9M and the full year,
  • 2018: In this year, profit growth continued as Fidelity Bank reported profit after tax of N17.85bn in 9M, and N22.92bn in the full year. The difference between the two was 28%.
  • 2019: The profit growth trend continued, with a 49% difference between the N19.05bn profit in 9M and N28.42bn in the full year.
  • 2020: The bank reported a profit of N2-.40bn profit in 9M and N26.65bn for the full year. The gap between 9M and Full year profits stood at 31%.
  • 2021: A profit of N26.51bn was reported in 9M, while a profit of N35.57bn was reported for the full year, with a gap of 34% between the two.

We used the average percentage difference between the 9M and Full year profits as our basis for projecting the 2022 full year profit. This average difference stood at 33.06%.

Investogist analysts therefore estimated that for the full year period to end 31 December 2022, Fidelity Bank Plc will report a profit of N46.51bn.

Having established a figure for the expected full year profit, we proceeded to estimate what the dividend would be. We considered two paths the Board of Directors may take in proposing a dividend.

Path 1: The average percentage of the company’s profits paid out as dividend.

  • 2017: Out of a profit of N17.76bn, the company paid a total dividend of N0.11 for every one of its outstanding shares. The total amount paid as dividend amounted to 18% of the company’s profit for the year.
  • 2018: The company maintained its dividend payout of N0.11, representing 14% of the N22.92bn profit earned in that year.
  • 2019: The company increased its dividend to N0.20, paying out 20% of its N28.42bn profit as dividend.
  • 2020: The company notched up it’s total dividend to N0.22. This amounted to 24% of its profit for the year, which was N26.65bn.
  • 2021: Fidelity Bank Plc rewarded Shareholders with a dividend of N0.35, this took 29% of its N35.57bn profit.

We calculated that the company’s 5 year average percentage of its profit paid as dividend is 21%, and thus project that the Board of Directors’ dividend proposal will fall in this region.

With a projected full year profit of N46.51bn, we expect Fidelity Bank to pay around 21% of this as dividend, which will amount to N0.34 dividend per ordinary share. The bank has already paid an interim dividend of N0.10, thus we expected a final dividend of N0.24.

Establishing a 10% range on our estimation, we can project that Fidelity Bank Shareholders will receive a final dividend between N0.21 and N0.26 for the 2022 financial year.

Path 2: The Board of Directors maintain the pattern used in declaring 2021 dividend.

For the 2021 financial year, Fidelity used 29% of its profit to pay dividend to Shareholders, should the Board tow the same line, the company will pay 29% of our projected profit of N46.51bn.

On this path, we project a dividend of N0.46 per ordinary share held by Shareholders.

Should I invest in Fidelity Bank Plc?

The share price of Fidelity Bank Plc is already up by 64.71% YTD, at its current price of N4.25.

At its current price, a final dividend of N24 will return a Dividend Yield of 5.64%, excluding 10% withholding tax.

With the inflation has risen to above 21% Fidelity Bank’s yield is a cause of worry.

There are other banks listed in the market that makes a better bargain than Fidelity Bank.

The bank has however shown great growth opportunities, and may be attractive to long term investors looking to spread their holdings.

We have a HOLD rating on Fidelity bank stocks.

Note: The dividend yield is a financial ratio that tells you the percentage of a company’s share price that it pays out in dividends each year.

Nnamdi Maduakor
Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur

Related Posts:

  • Zenith Dividend watch
    Dividend Stocks to watch on the Nigerian Exchange –…
  • IMG-20221217-WA0002
    Dividend Stocks to watch on the Nigerian Exchange –…
  • IMG-20221029-WA0007
    Dividend Stocks to watch on the Nigerian Exchange –…
  • UCAP Question
    Dividend Stocks to watch on the Nigerian Exchange…
Previous Post

Dividend Stocks to watch on the Nigerian Exchange – The case for UBA Plc

Next Post

#VIDEO: Davido performs at Qatar 2022 World Cup closing ceremony

Next Post
#VIDEO: Davido performs at Qatar 2022 World Cup closing ceremony

#VIDEO: Davido performs at Qatar 2022 World Cup closing ceremony

Please login to join discussion
  • Trending
  • Comments
  • Latest
Obajana Cement Plant has commenced full operation – Dangote Cement Plc

Dangote Cement Plc reports ₦520.45bn profit for H1 2025

MTN Nigeria to pay over N200 billion final dividend for 2022

List of Dividends announced in 2025, qualification and payment dates

AIICO Board of Directors approve Dividend Payment and  2021 Financial Statements

Ellah Lakes Plc EGM: ₦250bn capital raise and debt-to-equity conversion approved

Mariya Aliko Dangote joins the Board of Directors of Dangote Cement Plc

Mariya Aliko Dangote joins the Board of Directors of Dangote Cement Plc

BUA Cement Plc gives notification of Board Meeting and Closed Period

BUA Cement’s H1 2025 profit after tax jumps by 428.11%

Obajana Cement Plant has commenced full operation – Dangote Cement Plc

Dangote Cement Plc reports ₦520.45bn profit for H1 2025

Federal Government commissions three “ultra-modern” oncology centers

Federal Government commissions three “ultra-modern” oncology centers

How to register for Nnamdi Azikiwe University’s 2025/2026 Post-UTME and Direct Entry Screening

How to register for Nnamdi Azikiwe University’s 2025/2026 Post-UTME and Direct Entry Screening

Quick Links

News
Economy
Markets
Business
Opinion & Analysis

Newsletter Signup

Contact Investogist

info@investogist.com

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us

Copyright © 2025 investogist.com, All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • News
    • Nigeria
    • Africa
    • World
  • Economy
    • Policies
    • Budgets
    • Economic Data
  • Business
    • Companies
    • Industry
    • Technology
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies

Copyright © 2025 investogist.com, All Rights Reserved