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Home Markets Equities Dividends

Zenith Bank proposes interim dividend of N9.42 billion for 2021 half year

Chidi Emenike by Chidi Emenike
August 27, 2021
in Dividends
Ebenezer Onyeagwu succeeds Peter Amangbo as Zenith Bank's new MD/CEO, Zenith Bank launches interactive voice response amidst Coronavirus outbreak

Ebenezer Onyeagwu Zenith Bank

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Zenith Bank Plc, one of Nigeria’s most capitalized financial institutions, has proposed to pay the total sum of N9.42 billion as interim dividends to its shareholders for the half-year period ended 30th of June, 2021.

The company is expected to pay an interim dividend of 30 kobo per share on all the outstanding 31,396,493,786 ordinary shares of the company, amounting to N9.42 billion.

This is according to a notice uploaded on the website of the Nigerian Exchange Limited (NGX) today and signed by the company’s secretary, Michael Osilama Etu.

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According to the disclosure, the interim dividend will be paid electronically to shareholders on the 20th of September, 2021, subject to appropriate withholding tax. Other pre-requisite conditions for payment are:

  • Only shareholders, whose names appear in the registrar of members as at the close of business on 10th of September, 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.

To facilitate the payment, the financial giant noted that its register of shareholders will be closed on the 13th of September, 2021.

What you should know

  • Zenith Bank had earlier declared a half-year profit of N106.12 billion in HY 2021, indicating a slight increase of about 2.2% YoY. Other key financial metrics like its net interest income, EPS, etc., all recorded an increase during the period under review.
  • The Bank officially closed trading today 27th of August, 2021 with a share price of N24.40.
Tags: Zenith Bank News
Chidi Emenike

Chidi Emenike

Chidi Emenike is a graduate of economics, a Young African Leadership Initiative Fellow and an Investment Foundations certificate holder. He worked as a graduate Teaching Assistant in the Federal College of Education Kano and is also a trained National Peer Group Educator on Financial Inclusion

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Comments 2

  1. Mohammed nda kabir says:
    September 5, 2021 at 8:54 pm

    Congratulations to shareholders of zenith Bank and kudos to the management and staffs.

    Reply
  2. Mohammed nda kabir says:
    September 5, 2021 at 8:57 pm

    Congratulations to shareholders of zenith Bank and kudos to the management and staffs.

    Reply

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