FBN Holdings Plc (FBNH), the Parent company of First Bank Nigeria Limited has announced a final dividend of 50 kobo per share for the 2022 financial year.
Also read; List of Dividends announced in 2023, qualification and payment dates
The dividend if approved by shareholders will be subject to appropriate withholding tax.
On Friday, Investogist reported that FBNH reported a profit of N136.31bn for the 2022 financial year ended 31 December, 2022.
At the end of trading on the floor of The Nigerian Exchange on Monday, the share price of FBNH lost N0.60 to close at N3.65, thus putting it Dividend Yield on the day of the corporate action announcement at 4.39%.
For the 2021 financial year, FBNH had announced and paid a N0.35 final dividend per share.
The qualification date for the 2022 dividend has been set as August 8, 2023.
On August 16, 2023 dividends will be paid electronically to shareholders whose names appear on the Register of Members as at August 8, 2023 and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.
Registrar’s E-Dividend Mandate Activation Form which is available of the Registrars website. The Registrar is Meristem Registrars and Probate Services Limited.
Nnamdi Maduakor is a Writer, Investor and Entrepreneur