The Board of Directors of Jaiz bank Plc has proposed a dividend of 3 kobo per 50 kobo ordinary share for the financial year ended 31 December 2020.
The proposed dividend which amounts N883,927,479 is subject to the approval of shareholders in the company’s next Annual General Meeting and appropriate withholding tax.
If approved, the dividend will be paid to shareholders whose names appear in the Register of Members as at the close of business on 10th June 2021, according to the filing with the Nigerian Stock Exchange (NSE).
The Bank did not disclose the payment date of the dividend. However, it advised shareholders who are yet to complete the e-dividend registration to do so.
Jaiz Bank Plc Registrar is Arica Prudential. The e-dividend mandate form can be downloaded or filled on the registrar’s website or SEC’s website and on the Securities and Exchange Commission (SEC) website.
Read also: NSE: List of Dividends announced in 2021, qualification and payment dates
In 2020, Jaiz Bank Plc grew its gross earnings by 33% to N19.614 billion from N14.715 billion in 2019. The profit after taxation rose by 19% to N2.90 billion in 2020 from N2.44 billion in 2019.
At the close of trading on Friday the share price of Jaiz Bank rose by 1.61% to N0.63 per share. YtD the share price is down by 6.06%.
The dividend yield at the current price will be 4.76%. The actual yield will be lower when the withholding tax and buy charges are taken into consideration.
Jaiz bank Plc has 29,464,249,300 with a market capitalization of N 18,562,477,059.00.
About Jaiz bank Plc
Jaiz Bank Plc – the premier Non-Interest Bank in Nigeria commenced operations on the 6th of January, 2012 on a foundation of trust, professionalism and excellence to deliver innovative financial solutions and exceptional customer experience.
The Bank started with a Regional License obtained from the Central Bank of Nigeria to operate in the Northern part of the country and its transformation to a National Bank on the 12th of May 2016 with key presence in virtually all the geopolitical zones of the country.
Jaiz Bank is listed on the Main Board of the Nigerian Stock exchange, under the Financial Services sector.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
