Zenith Bank Plc (NGX: ZENITHBANK) has declared a final dividend of ₦3.50 dividend for 2023 financial year ended 31 December, 2023.
Also read; List of Dividends announced in 2024, qualification and payment dates
The dividend is subject to appropriate withholding tax and approval of shareholders at the next Annual General Meeting (AGM).
Zenith Bank declared and paid an interim dividend of ₦0.50 for the half year period ended 30 June, 2023, thus bringing the total dividend paid for the year to ₦4.00.
For the 2022 financial year, Zenith paid an interim dividend of ₦0.30 and a final dividend of ₦2.90 for a total dividend payout of ₦3.20.
The share price of Zenith Bank Plc dropped by 95 kobo on Monday to close trading at ₦41.55, thus putting its dividend yield at 9.62%.
Qualification date for the dividend is set as April 25, 2024. On May 8, 2024, dividends will be paid electronically to shareholders whose names appear on the Register of Members as at April 25, 2024 and 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, which is also available on the website of the Registrars: www.veritasregistrars.com, complete and submit to the Registrar or their respective Banks.
The Company’s Annual General Meeting will be held at the Civic Centre, Ozumba Mbadiwe Street, Victoria Island, Lagos on Wednesday, May 8, 2024 at 9.00am.
Zenith Bank Plc posted a profit of ₦676.90 billion for the year (2022: ₦223.91 billion) and an Earning per Share of ₦21.55 (2022: ₦7.14).
About the Company
Zenith Bank Plc was incorporated in Nigeria under the Companies and Allied Matters Act as a private limited liability company on May 30, 1990. It was granted a banking licence in June 1990, to carry on the business of commercial banking and commenced business on June 16, 1990.
The Bank is domiciled in Nigeria and was converted into a Public Limited Liability Company on May 20, 2004. The Bank’s shares were listed on October 21, 2004 on the Nigerian Stock Exchange.
In August 2015, the Bank was admitted into the Premium Board of the Nigerian Stock Exchange.
The registered office address of the company is Plot 84/87 Ajose Adeogun street, Victoria Island, Lagos.
The principal activity of the Bank is the provision of banking and other financial services to corporate and individual customers. Such services include granting of loans and advances, corporate finance and money market activities.
The Bank has six subsidiary companies namely; Zenith Bank (Ghana) Limited, Zenith Pensions Custodian Limited, Zenith Bank (UK) Limited, Zenith Bank (Sierra Leone) Limited, Zenith Bank (The Gambia) Limited and Zenith Nominees Limited. The Bank also has a representative office in China in addition to operating a branch of Zenith Bank (UK) Limited in the United Arab Emirates.
Nnamdi Maduakor is a Writer, Investor and Entrepreneur
