Shareholders of Zenith Bank Plc, on Wednesday unanimously approved the proposed final dividend payment of NGN2.90 per share.
The shareholders, gave the approval at the Banks Annual General Meeting.
According to the Bank, the amount brings the total dividend for the 2022 financial year to NGN3.20 per share, with a total value of NGN100.47 billion.
In his opening remarks, In his opening statement, Founder and Chairman of Zenith Bank Plc, Jim Oviw, expressed his gratitude to the shareholders for their unwavering loyalty, commitment, and support, which have been instrumental in the bank’s outstanding performance since its inception.
For his part, Group Managing Director, Dr. Ebenezer Onyeagwu, said the legacy established by Oviw provided 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, Dr. Faruk Umar, President of the Association of the Rights of Nigerian Shareholders (AARNS), 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.
Chief Timothy Adesiyan, President, Shareholders Solidarity Association of Nigeria, 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.