Wema Bank to Pay N3.9 Billion in Dividend for the 2022 FYE

Wema Bank Plc, one of Nigeria’s tier II banks, has announced a final dividend of 30 kobo for the financial year ending December 31, 2022.

This translated to N3.8 billion going by Wema Bank’s issued shares of 12,858,155,360.00.

In a statement signed by Johnson Lebile, Company Secretary,  the bank said dividend payment is subject to appropriate withholding tax and approval will be paid to shareholders whose names appear in the Register of Members as at the close of business on Tuesday, May 9, 2023.

The Register of Shareholders will be closed on May 10, 2023 to May 16, 2023 while dividends will be paid electronically to shareholders on May 24, 2023.

However, only shareholders whose names appear on the Register of Members as at May 9, 2023 and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their bank accounts will be paid.

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 Registrar’s website: http://www.gtlregistrars.com, complete and submit to the Registrar or their respective banks.

Shareholders with dividend warrants and share certificates that have remained unclaimed or are yet to be presented for payment or returned for validation are advised to complete the e-dividend registration or contact the Registrar.