Access Bank declares 25 kobo interim dividend for 2016 half year

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Group Managing Director of Access Bank Plc Herbert Wigwe

Access Bank Plc has joined the likes of Zenith Bank Plc and Guaranty Trust Bank Plc that rewarded their existing shareholders with an interim dividend for the half year ended June 30, 2016.

Access Bank in its audited half year for the period ended June 30, 2016 said they are declaring 25 kobo interim dividend, the closure date is September 6, 2016 while payment date is September 13, 2016.

Withholding tax will be deducted at the time of payment. According to the financial statement, Herbert Wigwe led bank grew the bank top and bottom line to an appreciable level. Gross earning went up by 3.22 percent to N174,069 billion which is above N168,641 billion that was reported same period in 2015.

Profit before tax grew by 27.89 percent to N50,022 billion against N39,113 billion that was released in 2015. Profit for the period also went up by 26.21 percent to N39,486 Billion which is above N31,287 billion in 2015. Earnings per share stood at 161 against 135 recorded same period in 2015.

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