John Okoh, Lagos
As Nigerian awaits the gradual recovery of the economy this year, the board of directors of Zenith Bank Plc has put smile in the faces of their shareholders, as they declared an interim dividend of 25 kobo for the second quarter ended June 30, 2017.
Details of the interim dividend which is subject to appropriate withholding tax shows that it will be paid to shareholders whose names appears in the register of member as at the close of business on the 18th day of August, 2017.
The bank register of shareholders will closed on the 21st day of August 2017, to enable the registrars prepare for the payment of the interim dividend.
The payment date is 25th day of August 2017 for those that have done e-dividend mandate and warrants will be posted to shareholders same day.
Highlight of the financial statements shows that gross earnings of the Group increased by 77.1 percent and profit before tax increased by 71.0 percent.
Further breakdown shows that gross earnings stood at N380,440 billion which is above N214,812 billion that was reported same period in 2016.
Profit before tax stood at N92,183 billion above N53,905 billion that was recorded same period in 2016. Profit after tax stood at N75,317 billion also above N35,467 billion that was reported same period in 2016. Earnings per share stood at N2.40 kobo against N1.13 kobo in 2016.