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Zenith Bank pays N125.59b dividends, earns N2.132tr in 2023

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Dividends News

Zenith Bank

Zenith Bank Plc has announced a dividend payout of N125.59 billion for the 2023 financial year, with shareholders approving a final dividend of N3.50 per share, bringing the total payout for the year to N4.00 per share.

Despite facing macroeconomic challenges, Zenith Bank reported a significant 125 per cent growth in gross earnings, reaching N2.132 trillion in 2023.

The total assets increased by 66 per cent, largely due to growth in total deposits and the revaluation of foreign currency deposits. She noted that, following an interim dividend of 50 kobo paid last December, the total dividend for the 2023 Annual General Meeting amounts to N4.00, the highest in the banking sector to date.

He found it encouraging to see the new Managing Director promoted from within, reinforcing shareholders’ belief in the bank’s leadership development.Before flagging, please keep in mind that Disqus does not moderate communities. Your username will be shown to the moderator, so you should only flag this comment for one of the reasons listed above.

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