Zenith Bank releases N84.8bn for shareholders

Highly rated Zenith Bank Plc, through its Board if Directors has announced the payment of a final dividend of N2.70 for every share of 50k held by shareholders,.
By calculation, this amounts to a total of N84.8 billion for the year ended 2020.
The statement which was released and signed by the company’s secretary, Michael Osilama Etu has been sent to the Nigerian Stock Exchange.
The notification states that  final dividend will be paid electronically to shareholders on the 16th of March, 2021, subject to approval from the Company’s Annual General Meeting.
Other conditions for payment are include, according to notification states that only shareholders whose names are in the registrar of members as at the close of business on 8th of March, 2021 will be qualified.
Secondly, to be eligible the shareholdermust have completed the e-dividend registration and must have tokd the Registrar (Veritas Registrar Limited) to pay their dividends directly into their bank accounts.