Zenith Bank Plc has announced that it will pay a final dividend of N2.50 kobo for every share of 50 kobo for the financial year ended Monday, December 31, 2018. The dividend payment is subject to appropriate withholding tax and approval of shareholders.
The dividends will be paid by March 19, 2019, electronically to shareholders whose names appear on the Shareholders’ Register as at March 8, 2019, and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.
Shareholders’ Register will be closed from Monday, March 11 to Friday, March 15, 2019, the Qualification Date has been scheduled to be Friday, March 8, 2019.
This may be an exciting new for Zenith Bank’s Plc, as the lender recorded laudable financial results for 2018 financial year, even though their gross earning dipped.
The lender’s gross Earnings dipped from N745 billion in 2017 to N630 billion in 2018.
Profit before tax, however, rose from N199 billion in 2017 to N231 billion in 2018. Profit After Tax also rose from N173 billion in 2017 to N193 billion in 2018.
Earnings per share also rose from N5.53 in 2017 to N6.15 in 2018.
About Zenith Bank
Zenith Bank Plc was established in May 1990, and commenced operations in July of the same year as a commercial bank. The Bank became a public limited company on June 17, 2004 and was listed on the Nigerian Stock Exchange (NSE) on October 21, 2004. Zenith Bank Plc is also listed on the London Stock Exchange (LSE).
Headquartered in Lagos, Nigeria, Zenith Bank Plc has over 500 branches and business offices in prime commercial centres in all states of the federation and the Federal Capital Territory (FCT). In March 2007, Zenith Bank was licensed by the Financial Services Authority (FSA) of the United Kingdom to establish Zenith Bank (UK) Limited as the United Kingdom subsidiary of Zenith Bank Plc.
Zenith Bank also has subsidiaries in Ghana – Zenith Bank (Ghana) Limited; Sierra Leone – Zenith Bank (Sierra Leone) Limited; Gambia – Zenith Bank (Gambia) Limited. The bank also has representative offices in South Africa and The People’s Republic of China.
Together with its subsidiaries, the lender provides banking and other financial products and services to corporate and individual customers
Its primary products and services include corporate, investment, commercial, consumer, personal, and private banking products and services; and foreign exchange, treasury, cash management, and other non-banking financial services.
Zenith Bank traded at N25.35 in today’s trading session on the floor of the NSE.