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Zenith Bank Shifts Interim Dividend Payment Date

By Modupe Gbadeyanka

One of the top five financial institutions in Nigeria, Zenith Bank Plc, has announced a change of date in the payment of interim dividend to its shareholders.

On August 6, 2018, the lender had announced that it would pay an interim dividend of 30 kobo per ordinary share for the period ended June 30, 2018.

It had also said the cash dividend would be paid on August 24, 2018 with the qualification date fixed for August 17, 2018, and closure of register date fixed for August 20, 2018.

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But yesterday, the Nigerian government announced public holidays for next Tuesday and Wednesday to allow Muslims in the country celebrate Eid-el-Kabir.

As a result of the two-day public holiday, the management of Zenith Bank has shifted the payment date to another day.

In a statement issued today, the lender said the new “payment date will now be August 29, 2018,” while both the qualification date and the closure date of register remain the same.

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“Following our announcement of August 6, 2018, in respect of payment of interim dividend for the half year ended June 30, 2018, we have been informed by our registrars, Veritas Registrars Limited, that in view of the two days public holidays recently declared by the federal government of Nigeria for the celebration of Eid-el-Kabir, the payment date of August 24, 2018, will no longer be feasible as same is affected by this development.

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“The payment date will now be August 29, 2018.

“However, the qualification date and the closure date of register remain the same; August 17, 2018 and August 20, 2018 respectively,” the bank said in the statement.

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Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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