Zenith Bank Plc has announced that it will pay its shareholders N100.47bn dividend for the 2022 financial period.
The announcement was made at the bank’s 32nd Annual General Meeting (AGM) held virtually from the Civic Centre, Victoria Island, Lagos, yesterday.
At the meeting, the shareholders unanimously approved the proposed final dividend payment of N2.90 per share which brings the total dividend for the 2022 financial year to N3.20 per share, with a total value of N100.47 billion.
In his opening statement at the AGM, the Founder, and Chairman of Zenith Bank, Jim Ovia, CFR, expressed gratitude to the shareholders for their unwavering loyalty, commitment, and support, which have been instrumental in the bank’s outstanding performance since its inception.
Also, the Group Managing Director/Chief Executive, Dr. Ebenezer Onyeagwu, extolled Ovia, for establishing the legacy and providing the template for the bank’s continued superior performance.
He also highlighted the Board and management’s determination to maintain the bank’s growth trajectory in the coming years, with an emphasis on digital and retail banking.
Speaking at the AGM, the President of the Association of the Rights of Nigerian Shareholders (AARNS), Dr. Faruk Umar commended the Board and management of Zenith Bank for consistently delivering value to shareholders, despite the challenging economic environment. He also praised the bank’s staff for their loyalty and dedication.
Also, the President of the Shareholders Solidarity Association of Nigeria, Chief Timothy Adesiyan, expressed delight at the dividend payout and thanked the Board and management for the outstanding performance that led to approving both an interim and final dividend during the year.
The National Coordinator of the Esteemed Shareholders Association of Nigeria, Mrs. Adenike David also congratulated the bank and Chairman on the exceptional performance, as evidenced by the numerous awards received during the 2022 financial year.
She also praised the bank for paying an interim dividend of 30 kobo and a final dividend of N2.90 kobo.