Zenith Bank shareholders express delight over N97.33b dividend
Shareholders of Zenith Bank Plc at the 31st Annual General Meeting of the bank have unanimously approved and expressed delight at the the proposed final dividend payment of N2.80 per share, which brings the total dividend for the 2021 financial year to N3.10 per share with a total value of NGN97.33 billion.
The approval and expression of delight at the dividend payment was made on Wednesday in Lagos at the bank’s AGM.
In his statement, the Founder and Chairman of Zenith Bank Plc, Mr Jim Ovia, thanked the shareholders for their unflinching loyalty, which has enabled the bank to rise to the pinnacle of the nation’s financial services industry, and assured them of the bank’s commitment to consistently deliver superior value to them.
Speaking on the bank’s performance, the Group Managing Director/Chief Executive, Ebenezer Onyeagwu, said: “If you look at the bank’s history over the years, Zenith Bank has always grown, and even within the pandemic, we have maintained a reasonable positive growth trajectory. “Growth is coming from the fact that we are deploying our digital capability to grow more businesses, simplify our service processes, make our processes more efficient, and deal with customers’ complaints.
“Apart from developing new products, we are discovering new business verticals, especially within the retail segment, which have significant revenue.
“Meeting the expectation of shareholders means we have to work harder.
“The team is dodged, hardworking, resilient, and above all, we have a very supportive board that comes with superior guidance.”
Commenting on the dividend payout, the Chairman Emeritus of the Independent Shareholders Association of Nigeria, Sir Sunny Nwosu, expressed the delight of shareholders over the consistent payment of dividends by Zenith Bank, noting that the bank’s shares remain the toast of investors because the bank has never failed to pay dividends to shareholders.
Also speaking on behalf of shareholders, the President of the Association of the Rights of Nigerian Shareholders, Dr. Faruk Umar, said: “The bank is doing very well.
“All the ratios and indices have gone up.
“And more importantly, while we were …