Zenith Bank declares N1.55 kobo final dividend


Following the foot step of its contemporaries in tie one segment of the banking sector, Zenith Bank Plc today Monday 15, March 2016 declared N1.55 kobo as final dividend for the year ended December 31, 2015. The final dividend is aside the 25 kobo interim dividend that was paid during the financial year under consideration.

However, the dividend pay-out dropped by 11.43 percent when compared with N1.75 kobo that was paid to shareholders in 2014. Details of the results shows that gross earnings went up by 7.24 percent to N432,535 million against N403,343 million that was declared same period in 2014.

Profit after tax went up by 6.30 percent to N105,663 million when compared with N99,455 million that was recorded in 2014. Earnings per share stood at N3.36 kobo above N3.16 kobo that was declared in 2014 financial year.

The bank share price currently stood at N12.83 kobo. Closure date for the dividend is March 29, 2016, while payment date is April 6, 2016 same date for the bank annual general meeting at the Civic Centre Ozumba Mbadiwe Victoria Island Lagos.

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