The Board of Directors of Zenith Bank Plc has announced the payment of a final dividend of N2.70 for every share of 50k held by shareholders, amounting to a total of N84.8 billion for the year ended 2020.
This is according to a disclosure signed by the company’s secretary, Michael Osilama Etu and sent to the Nigerian Stock Exchange.
According to the notification, the final dividend will be paid electronically to shareholders on the 16th of March, 2021, subject to appropriate withholding tax and approval from the Company’s Annual General Meeting. Other pre-requisite conditions for payment are;
- Only shareholders whose names appear in the registrar of members as at the close of business on 8th of March, 2021 will be considered.
- Shareholders must have completed the e-dividend registration and must have mandated the Registrar (Veritas Registrar Limited) to pay their dividends directly into their bank accounts.
- In lieu of this, it is pertinent to note that the register of shareholders will be closed on 9th of March, 2021.
Zenith Bank Plc had earlier paid an interim dividend of 30k to its qualified shareholders on 22nd of September, 2020, thereby raising the total dividend declared by the financial giant in 2020 to N3.00, indicating an increase of about 7.1% when compared to the total dividend of N2.80 declared in 2019.
What you should know
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Zenith Bank reported a profit before tax of N255.9 billion for FY 2020, indicating a growth of 5.2% YoY
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It also posted a Profit After Tax figures of N230.6 billion for the period under review, indicating a growth of 10.4% YoY.
- It has total shares outstanding of 31,396,493,787 and officially closed trading today with a share price of N26.
well done Zenith bank you Are doing a swell job.keep it up.
kudo’s to the Bank zenith,for a remarkable year with such declaration of a stressed pandemic year where people finds it difficult but the bank was able to declare, I think the bank what appraised.
congratulations to the management of the bank
This is commendable! Congratulations to all the entire management staff of Zenith Bank Plc. The Company has demonstrated to be a good steward and trusted partner.
Waw, good job keep it up and congratulations to you all wish you the best amen.
Congratulations to the entire management staff for job well-done. Looking forward for the dividends. Thank you.
The dividend is still yet to be paid. It’s 18th March Already. What’s going on??