Zenith Bank Proposes N9.42 Billion As Interim Dividend For Half-Year 2021

Zenith Bank Plc has proposed to disburse the total sum of N9.42 billion as provisional dividends to its shareholders for the half-year duration, which ended on the 30th of June, 2021.

Brand News Day reports that one of Nigeria’s most capitalized financial institutions, Zenith Bank 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, totalling N9.42 billion.

This was made known in a report made available on the website of the Nigerian Exchange Limited (NGX), Friday, which was approved by the company’s secretary, Michael Osilama Etu.

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;

According to the report, only shareholders, whose names were included in the registrar of members as at the close of business on the 10th of September, 2021 will be allowed for inclusion.

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It further revealed that 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.

Zenith Bank Proposes N9.42 Billion As Interim Dividend For Half-Year 2021

Meanwhile, 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.