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FCMB Approves N0.15k as Final Dividend for 2020 Financial Year

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FCMB - Investors King

Shareholders of FCMB Group Plc on Wednesday 21, April 2021 approved a final dividend of N0.15 kobo per every 50 kobo ordinary share, translating to N2.7 billion for the financial year ended December 31, 2020.

The amount approved was 1 kobo higher than the 14 kobo declared in 2019.

The bank’s shareholders gave the approval at the 8th annual general meeting of the group which held at First City Plaza, 44 Marina in Lagos.

Speaking on the lender’s performance for the year, Oladipupo Jadesimi, the Chairman, FCMB Group, said the bank was well positioned to continue to succeed in the years to come, even as the world continues to struggle with the COVID-19 pandemic.

Jadesimi attributed the optimism to a series of decisions made by the bank to leverage new digital technology to expand access to financial transactions.

“Board of directors has adopted a policy that seeks to provide investors with a stable and sustainable form of capital distribution with consideration given to the growth and capital requirements of the business, thereby maximising long-term share value for shareholders,” he said.

Despite COVID-19 and a tough operating environment, FCMB grew profit after tax by 13 percent to N19.7 billion in 2020.

According to the Group Chief Executive, FCMB Group Plc, Mr Ladi Balogun, this had a direct effect on the bank’s earnings per share, which rose from 87 kobo in 2019 to 98 kobo in 2020.

He stated, “Our businesses continue to improve with growth in other key indicators, such as loans and advances 14.9 per cent and total assets 23.4 per cent.

“Customer deposits grew by 33.3 per cent to over N1.2tn with a large portion of the growth coming from current and savings accounts.”

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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Dividends

Dividends Announced in the Week Ended 10 September 2021

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Dividend - Investors King

Stanbic IBTC Holdings Plc, United Bank for Africa Plc and the Guaranty Trust Holding Company Plc are the three listed companies that announced dividend for the period ended June 30, 2021 last week.

STANBIC IBTC HOLDINGS PLC
Proposed Dividend: ₦1.00
Proposed Bonus: null FOR null
Qualification Date: 9/20/2021
AGM Date:
Payment Date: 9/29/2021
Closure of Register Date: 9/21/2021

UNITED BANK FOR AFRICA PLC
Proposed Dividend: ₦0.20
Proposed Bonus: null FOR null
Qualification Date: 9/23/2021
AGM Date:
Payment Date: 9/30/2021

GUARANTY TRUST HOLDING COMPANY PLC
Proposed Dividend: ₦0.30
Proposed Bonus: null FOR null
Qualification Date: 9/27/2021
AGM Date:
Payment Date: 10/12/2021

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Dividends

Zenith Bank to Pay N9.42 Billion in Interim Dividend Following N117 Billion PBT in H1 2021

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Dividend - Investors King

Nigeria’s leading financial institution, Zenith Bank has proposed to pay an interim dividend of N9.42 billion for the period ended June 30, 2021 after reporting a N117 billion profit before tax for the period.

Zenith Bank proposed to pay an interim dividend of N0.30k for every share of 50k to shareholders whose names appear in the Register of Members as at the close of business on the 10th day of September, 2021. The lender will pay 30k per each of its outstanding share of 31,396,493,786, translating to N9.42 billion.

This was contained in a statement released by the bank and signed by Michael Osilama Otu, Company Secretary and General Counsel, Zenith Bank Plc.

The register of shareholders will be closed today, September 13, 2021 to enable registrars prepare for payment of dividend. September 10, 2021 was qualification date.

The bank said dividends will be paid electronically to shareholders whose names appear on the Register of Members as at September 10, 2021 and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their bank accounts. GDR holders will be paid after this date.

However, shareholders who are yet to complete the e-dividend registration are advised to download the Registrar’s e-dividend mandate activation form, which is also available on the website of the Registrars: www.veritasregistrars.com, complete and submit to the Registrar or their respective Banks.

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Access Bank Announces to Pay N10.7 Billion in Interim Dividend After Posting N86.9 Billion in Profit in H1 2021

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Dividend - Investors King

The Board of Directors of Access Bank Plc has announced plans to pay an interim dividend of N10,663,567,686.6 to shareholders of the bank following a strong first half (H1) of 2021 financial results.

Access Bank will pay an interim dividend of 30 kobo for every share of 50 kobo held by shareholders whose names appear in the Register of Members as at the close of business on Thursday, 16th of September 2021.

This was disclosed in a statement signed by Sunday Ekwochi, Company Secretary, Access Bank Plc.

The 30 kobo translated to N10,663,567,686.6 given the bank’s outstanding shares of 35,545,225,622.

According to the lender, the Register of Shareholders will be closed on Friday, 17th of September, 2021.

While dividends will be paid electronically to shareholders whose names appear on the Register of Members as at Thursday 16th of September, 2021 on Wednesday September 29, 2021. These members would have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their bank accounts.

However, shareholders who are yet to complete the e-dividend registration are advised to download the Registrar’s E-Dividend Mandate Activation Form.

Access Bank recorded an astonishing N86.9 billion profit after tax in the first half of 2021, representing an increase of 42.43 percent when compared to the same period of 2020.

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