Access Bank to Pay Interim Dividend of 25 Kobo

By Dipo Olowookere

Shareholders of Access Bank Plc would be paid an interim dividend of 25 kobo for the period ended June 30, 2019, the board of the financial institution has announced.

This announcement was made in a notice made available to the Nigerian Stock Exchange (NSE) on Thursday after the company released its results for the first half of this year.

According to Access Bank, the interim dividend payment is subject to appropriate withholding tax and it is on the 35,545,225,622 issued ordinary shares of 50k each held by shareholders on the register of shareholding at the closure date.

In the notice, the lender said the qualification date for this dividend is Monday, September 23, 2019, while the register of shareholders would be closed on Tuesday, September 24, 2019.

On Thursday, October 3, 2019, investors in the bank will begin to receive the dividend paid electronically to their bank accounts and this would only be for those who have completed the e-dividend registration and have mandated the registrar, United Securities Limited, to do so.

Access Bank advised shareholders who are yet to complete the e-dividend registration to download the registrar’s e-dividend mandate activation form to complete and submit to either the registrar or their respective banks.

It also urged shareholders with dividend warrants and share certificates that have remained unclaimed, or are yet to be presented for payment or returned for validation to complete the e-dividend registration or get in touch with the registrar.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via dipo.olowookere@businesspost.ng

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