• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home People Billionaire Watch

Zenith Bank’s Chairman, Jim Ovia to earn about N1.5 billion from interim dividends in H1 2022

Chris Ugwu by Chris Ugwu
August 26, 2022
in Billionaire Watch, Dividends
Prudential Zenith rolls out virtual services to help customers cope with COVID-19

Jim Ovia

Share on FacebookShare on TwitterShare on Linkedin

Investors in the equity market are usually happy to hear the word dividend. To some of them, it is a harvesting season when they will reap the fruits of their labor. What is exciting about dividends is that the more shares you own, the more money you are guaranteed to receive every time dividends are declared.

Notwithstanding the economic headwinds and rising operational costs fuelled by inflation, most companies quoted on the floor of the Nigerian Exchange Limited (NGX) have continued to leverage the various intervention schemes rolled out by the government, thereby contributing to the impressive profits declared by some of these companies and a subsequent dividend declaration.

One of these companies is Zenith Bank Plc which just recently released its half-year financial report with a declaration of 30 kobo interim dividend for the half-year ended June 30, 2022.

RelatedStories

Report: Nigerian banks paying their staff less salaries compared to African peers, blames AMCON 

Report: Nigerian banks paying their staff less salaries compared to African peers, blames AMCON 

June 13, 2025
Tinubu names Dangote, Otedola, Ovia, Abdulsamad as 4 wisemen of Nigeria’s economy 

Tinubu names Dangote, Otedola, Ovia, Abdulsamad as 4 wisemen of Nigeria’s economy 

June 6, 2025

In light of this, checks by Nairametrics revealed that Nigerian business mogul, Jim Ovia who is the Chairman and the founder of Zenith Bank, one of the largest commercial banks in Nigeria owns a total of 5.08 billion units of shares in the bank.

The breakdown reveals that he owns a direct share of 3.55 billion units and an indirect share of 1.53 billion units, giving him controlling rights of 16.16% in the company.

With the declaration of an interim dividend of 30 kobo per share, the astute banker will earn the sum of N1.52 billion from his shareholdings. Mr Ovia alongside other shareholders will be credited after ratification by the shareholders at the next Annual General Meeting. Payment of the dividends is subject to withholding tax rate of 10% in the hands of qualified recipients.

What you should know

  • Zenith Bank plc announced an interim dividend of N0.30k for every share of 50k held by shareholders of the group.
  • In a disclosure signed by Michael Osilama Otu, Company Secretary, this is subject to appropriate withholding tax which will be paid to those whose names appear on the registrar of members at the close of business on the 6th of September 2022.
  • It also stated that the register of shareholders will be closed on September 7th 2022 to enable the registrars to prepare for the payment of dividends.

What the company is saying

  • The bank stated that by the 13th of September, it will begin paying electronically to shareholders whose names appear on the registrar of members of September 2022 and who have completed the e-dividend registration and mandated the registrar to pay their dividend directly into their bank account. GDR holders will be paid after this date.
  • It also said that shareholders with dividend warrants and share certificates that have remained unclaimed, or yet to be presented for payment or returned for validation to complete the e-dividend registration.

Financial highlights

  • Zenith Bank Plc has posted a profit after tax of N111 billion for the first six months of 2022, a 5% increase from the amount in the first half of 2021.
  • The company increased interest income by a whopping N18.5% to close at N242 billion in the first half of the year.
  • The bank’s earnings per share were up from N3.38 in H1 2021 to N3.55 in H1 2022
  • The company last traded at N22 while its market capitalization stood at N691 billion.

Follow us for Breaking News and Market Intelligence.
Tags: Jim OviaZenith Bank News
Chris Ugwu

Chris Ugwu

Chris is a Senior Financial Analyst at Nairametrics Advocates Limited with over a decade stint in active journalism and public relations practice.

Related Posts

Report: Nigerian banks paying their staff less salaries compared to African peers, blames AMCON 
Financial Services

Report: Nigerian banks paying their staff less salaries compared to African peers, blames AMCON 

June 13, 2025
Tinubu names Dangote, Otedola, Ovia, Abdulsamad as 4 wisemen of Nigeria’s economy 
Business News

Tinubu names Dangote, Otedola, Ovia, Abdulsamad as 4 wisemen of Nigeria’s economy 

June 6, 2025
Retail Kings; Banks with the largest retail deposits in Nigeria in 2024 
Exclusives

Retail Kings; Banks with the largest retail deposits in Nigeria in 2024 

May 27, 2025
Zenith Bank delights shareholders with dividend payout of N195.67 Billion, Promises quantum leap in future dividends
Companies

Zenith Bank delights shareholders with dividend payout of N195.67 Billion, Promises quantum leap in future dividends

April 30, 2025
Best performing Nigerian banks in 2022 judging by their numbers 
Exclusives

Debtors incur N8.4 trillion in interests payments to Nigerian banks in 2024

April 25, 2025
Nigerian Banks
Exclusives

Which Nigerian banks pay their staff the most and the least in 2024 

April 22, 2025
Next Post
Nigerian electric car manufacturer raises $9 million despite protest against electric car in Nigeria

Nigeria to commence electric car manufacturing, signs MoU with Japanese, Israeli companies

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Gombe receives N60 billion from FG to establish 184-hectare Agro-Livestock Industrial Zone
  • IGP extends tinted glass permit enforcement grace period to August 12 
  • Top 10 export destinations for Nigeria in Q1 2025: India takes the lead

Follow us on social media:

Recent News

Gombe Govt approves N1.15 billion for solar street lights, infrastructure in 3 LGAs

Gombe receives N60 billion from FG to establish 184-hectare Agro-Livestock Industrial Zone

June 14, 2025
IGP to prosecute ex-personnel who ‘hijacked’ truck carrying 40,000 litres of petrol in Enugu 

IGP extends tinted glass permit enforcement grace period to August 12 

June 14, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics