Zenith Bank Proposes N2.45 Kobo Dividend For 2017 

By John Okoh

The board of directors of Zenith Bank Plc has proposed a final dividend of N2.45 kobo per share for the full year ended December 31, 2017.

The final dividend is in addition to the 25 kobo interim dividend that was paid last year. Amounting to N2.70 kobo total dividend for the 2017 financial year.

According to the audited account which was presented to the Nigerian Stock Exchange (NSE) on Monday, March 12,, the register of members will close from April 4 to 9, 2018, while payment will be made electronically to shareholders whose names appears in the register of members onApril 13, 2018. GDR holders will be paid after the local payment date.

A breakdown of the financial performance shows that gross earnings was up by 46.69 percent from N507,997 billion in 2016 to N745,189 billion in 2017. Profit before tax grew from N156,748 billion in 2016 to N203,461 billion in 2017.

Also profit after tax moved from N129,652 billion in 2016 to N177,933 billion in 2017. Basic earnings per share stood at 566 as against 412 that was recorded same period in 2016.