FBN Holdings to Pay N17.947 Billion in Dividends to Shareholders for 2022 FY

Shareholders of First Bank of Nigeria Holdings Plc have approved a final dividend payment of 50 kobo per 50 kobo share for the 2022 financial year.

This translated to N17.947 billion if multiplied by 35.895 billion FBN Holdings issued shares.

The bank grew its gross earnings by 6.32% to N805.128 billion in the year under review and recorded a profit before tax of N157.902 billion. While profit after tax dipped by 9.87% to N136.173 billion in 2022.

The company has announced that the register of shareholders will be closed from August 9 to August 10, 2023.

On August 16, 2023, FBN Holdings will pay shareholders whose names appear on the Register of Members as at August 8, 2023 and who 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 Meristem Registrar’s E-Dividend Mandate Activation Form, which is also available on their website. Shareholders are advised to complete and submit 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.

Operating expenses rose by 23.35% to N218.481 billion in the period under review from N177.130 billion in 2021.

In the audited financial statement released on the Nigerian Exchange Limited, net interest income expanded by 59.15% to N363.249 billion from N228.242 billion achieved in 2021.