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    UAE imposes new visa conditions on Nigerians, bans transit visa

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    JAMB sets 150 as cut-off mark for 2025/2026 university admissions

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    Billionaire businessman Aminu Alhassan Dantata dies at 94

    Billionaire businessman Aminu Alhassan Dantata dies at 94

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    Israel and Iran agree on ceasefire – Trump

    Breaking: Iran launches missiles at US bases in the Middle East

    Breaking: Iran launches missiles at US bases in the Middle East

    US military strikes Iran

    US military strikes Iran

    EFCC seeks transfer of Orji Uzor Kalu’s trial to Lagos

    Yahoo boys launder money for ‘politically exposed persons’ – EFCC boss

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    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

    Air Sierra Leone commences flight operations to Lagos

    Air Sierra Leone commences flight operations to Lagos

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    Nigeria renews $2 billion currency swap deal with China to boost bilateral trade

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    Champion Breweries Plc to issue additional shares

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Ecobank to pay dividend of 0.16 US cents for 2021 Financial Year

Friday, 1 April 2022, 6:36 am
in Business, Companies, News, World
0
Ecobank to pay dividend of 0.16 US cents for 2021 Financial Year
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A corporate actions announcement by Ecobank Transnational Incorporated (NGX: ETI) has confirmed a proposal by the bank to pay a final dividend of 0.16 US cents per ordinary share for the financial year ended 31 December, 2021.

Investogist on Wednesday, reported that ETI saw its profit for the year increase by 305% to $357 million in 2021 from $88 million recorded in 2020.

  • Also read;
  • List of Dividends announced in 2022, qualification and payment dates
  • UAC of Nigeria Plc shareholders to receive 65 kobo dividend for 2021 Financial Year

The proposed dividend of 0.16 US cents ($0.0016) will amount to approximately 67 kobo per ordinary share at the I&E exchange rate of N416.25 per dollar.

The dividend is subject to appropriate withholding tax and approval of shareholders at its Annual General Meeting.

With the share price currently at N12.00, the 67 kobo dividend amount to a Dividend Yield of 5.58% before withholding tax. A withdrawing of the 10% withholding tax will give shareholders a net dividend cash of 60.3 kobo, and a dividend yield of 5.02%.

Dividend will only be be paid to shareholders whose names appear in the Register of Members at the close of business on 3 June 2022.

The dividend is payable electronically on 6 July 2022 to shareholders whose names appear on the Register of Members as of 3 June 2022 and who have completed the e dividend registration and mandated the Registrar to pay their dividends into their bank accounts.

Shareholders who are yet to complete the e-dividend registration form are advised to do so using the E-Dividend Mandate Activation Form link. The form is also available on the website of the Registrars, www.gtlregistrars.com.

The bank also advised shareholders with unclaimed, yet to be presented for payment or returned for validation, dividend warrants and share certificates to complete the e-dividend registration form or contact the Registrar; Greenwich Registrars & Data Solutions Limited.

The Company’s Annual General Meeting will be held in Abidjan, Côte d’Ivoire on 25th May, 2022 at 10 am (GMT).

Nnamdi Maduakor
Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur

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