Zenith bank proposed N9.42 billion as interim dividends for Six months ended June 30, 2021

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The management of 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.

According to the statement, the company is expected to pay an interim dividend of 30 kobo per share onto 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.

The reports further the disclosure that 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.
  • Zenith Bank had earlier declared a half-year profit of N106.12 billion in half year 2021, indicating a slight increase of about 2.2% year on year. Other key financial metrics like its net interest income, EPS, etc., all recorded an increase during the period under review.
  • Zenith bank emerged as the Best Bank in Nigeria in the global finance Magazine world’s Best Banks Awards 2020.
  • Zenith bank retained the Best Bank in Nigeria for a second consecutive year in the global finance Magazine Best Banks Awards 2021

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