Zenith Bank declares Interim dividend of N15.70 Billion

In a corporate announcement that reflects its strong financial performance, Zenith Bank Plc has declared an interim dividend of N15.70 billion, equivalent to N0.50 per share, for the first half of 2023.

This disclosure, made in the company’s corporate action announcement to the Nigerian Exchange Limited (NGX) and obtained by the media, signifies the bank’s commitment to rewarding its shareholders.

The decision to pay an interim dividend of N0.50kobo per ordinary share is a testament to the company’s solid financial standing. The dividend will be distributed to shareholders based on the issued capital of 31,396,493,786 Ordinary Shares.

Shareholders eligible for this interim dividend must have their names listed in the Register of Members by the close of business on September 22, 2023. The dividend payments, which are subject to appropriate withholding tax, will be electronically disbursed to eligible shareholders on September 29th, 2023, provided their names appear on the Register of Members as of September 22nd, 2023, and they have completed the e-dividend registration, facilitating direct dividend payments into their bank accounts.

Zenith Bank also addresses the issue of unclaimed dividends, advising shareholders who have not yet completed the e-dividend registration to download the Registrar’s E-Dividend Mandate Activation. For those holding dividend warrants and share certificates that remain unclaimed or have yet to be presented for payment or validation, the bank encourages them to complete the e-dividend registration form or reach out to the Registrar.

Zenith Bank’s robust financial performance in the first half of 2023 is highlighted in its recently released audited financial report, which covers the period ending June 30, 2023. The group reported a profit before tax of ?350.36 billion, representing an impressive increase of 169.5% compared to ?130.00 billion recorded in the corresponding period in June 2022. This achievement underscores the bank’s dedication to delivering value to its shareholders and maintaining its position as a leader in the financial sector.