Zenith Bank to Pay Shareholders N2.90 Final Dividend

Zenith Bank Plc has announced its board of directors’ decision to pay shareholders N2.90 final dividend per share as pretax profit hits about N285 billion, its audited financial statement shows.

In its regulatory filing, the bank reported that net interest income of N366.627 billion in the financial year 2022, from N320.84 billion in the comparable period in 2021.

The bank grew its total asset to N12.285 trillion, according to its audited financial statement, from N9.447 billion in the previous year.

Profit for the year printed at N223.911 billion, a decline from N244.558 billion in 2021 following a steep rise in tax payment obligations.

Following rising headline inflation, the bank reported that operating expenses surged with a moderate jump in personnel spending in the period.

The audited report shows that trading gain increased to about N213 billion in 2022 from N167.4 billion in the comparable period. Likewise, net income on fees and commissions also spiked, from about N104 billion in 2021 to N132.8 billion.

In a regulatory filing, the Board of Directors proposed a final dividend of N2.90 per share which in addition to the N0.30 per share as interim dividend amounts to N3.20 per share.

Zenith bank said its dividend proposal will be presented for ratification by the shareholders at the next Annual General Meeting. #Zenith Bank to Pay Shareholders N2.90 Final Dividend.