Zenith Bank Plc Board of Directors has announced an interim dividend of 30 kobo per 50 kobo ordinary share, for the period ended June 30, 2022.
The proposal followed a profit after tax of N111.41 billion for the period declared by the Bank. This is the fifth consecutive year Zenith Bank has declared 30 kobo interim dividend.
The interim dividend with a qualification date of September 6, 2022 is subject to appropriate withholding tax.
On September 13, 2022, 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 N690.72 billion as at close of business on Tuesday.
The equity price closed flat at N22.00 per share on Tuesday. YTD it is down by 13.04%. The 52-week high and low prices are N27.15 and N18.90 per share respectively.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.