Zenith Bank shareholders approve N100.47bn dividend payment

Zenith Bank Plc has said it will pay its shareholders N100.47 bn dividend for the 2022 financial period.

It disclosed this in a statement after its 32nd annual general meeting which was held virtually from Lagos on Tuesday.

At the meeting, the shareholders of the bank unanimously approved the proposed final dividend payment of N2.90 per share.

This brought the total dividend for the 2022 financial year to N3.20 per share, with a total value of N100.47bn.

In his opening statement at the AGM, the Founder and Chairman of Zenith Bank, Jim Ovia, expressed his gratitude to the shareholders for their loyalty, commitment, and support, which had been instrumental in the bank’s outstanding performance since its inception.

The Group Managing Director/Chief Executive, Dr. Ebenezer Onyeagwu, extolled Ovia for establishing the legacy and providing 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, the President of the Association of the Rights of Nigerian Shareholders, Dr. Faruk Umar, 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.