Zenith Bank Plc Board of Directors has declared an interim dividend of 30 kobo per 50 kobo ordinary share, for the period ended June 30, 2021.
The proposal followed a N106.11 billion profit for the period after tax declared by the Bank. This is the fourth consecutive year Zenith Bank has declared 30 kobo interim dividend.
The interim dividend with a qualification date of September 10, 2021 is subject to appropriate withholding tax.
On September 20, 2021, the interim dividend which amounts to N9.42 billion will be paid electronically to shareholders 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 do so.
Zenith Bank has 31,396,493,786 outstanding shares with a market capitalization of N766.07 billion. It is the 7th most capitalized listed company on the Nigerian Exchange, behind Guaranty Trust Holding Company Plc with a market cap of N810.83 billion.
The equity price increased by just 0.41% on Friday to close at N24.40 per share. YTD is down by 1.61%. The 52-week high and low prices are N28.15 and 16.40 per share respectively.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.