According to Zenith Bank Plc, it would distribute N100.47 billion to shareholders for the 2022 fiscal year.
It revealed this in a statement during its 32nd annual general meeting on Tuesday, which was virtually held from Lagos.
The proposed final dividend payment of N2.90 per share was unanimously agreed by the bank’s shareholders during the meeting. With a total payout of N100.47 billion, this increased the dividend to N3.20 per share for the 2022 fiscal year.
Jim Ovia, the founder and chairman of Zenith Bank, thanked the shareholders during his opening remarks at the AGM for their dedication, support, and loyalty, all of which had contributed to the bank’s exceptional performance since its foundation.
