Zenith Bank Plc announced on Wednesday that it would pay a ₦97.33 billion dividend to its shareholders for the fiscal year 2021.
According to a statement, the bank’s shareholders unanimously approved the proposed final dividend payment of ₦2.80 per share at the lender’s 31st Annual General Meeting in Lagos.
According to the bank, the approval brings the total dividend for the fiscal year 2021 to ₦3.10 per share, for a total of ₦97.33 billion.
Mr Jim Ovia, the founder and chairman of Zenith Bank Plc, thanked the shareholders for their support, which he said enabled the bank to reach the pinnacle of the nation’s financial services industry.
Mr Ebenezer Onyeagwu, Group Managing Director/Chief Executive Officer, commented on the bank’s performance, saying, “If you look at the bank’s history over the years, Zenith Bank has always grown, and even within the pandemic, we have maintained a reasonable positive growth trajectory”.
He added, “Meeting the expectation of shareholders means we have to work harder. The team is dodged, hardworking, resilient, and above all, we have a very supportive board that comes with superior guidance“.
Sunny Nwosu, Chairman Emeritus of the Independent Shareholders Association of Nigeria, commented on the dividend payout, saying the bank’s shares remained the toast of investors because the bank has never failed to pay dividends to shareholders.
Dr Faruk Umar, President of the Association of the Rights of Nigerian Shareholders, also spoke on behalf of shareholders, saying, “The bank is doing very well.”