Zenith Bank Pays 25k Interim Dividend to Shareholders

By Modupe Gbadeyanka

One of the strongest banks in Nigeria, Zenith Bank Plc, has announced the payment of 25k interim dividend to its shareholders.

In a statement issued on Thursday, the lender’s board of directors noted that the payment of the interim dividend of 25 kobo per 50 kobo ordinary share to shareholders was subject to appropriate withholding tax.

According to the bank, the dividend would be paid only to shareholders whose names appear in the Register of Members as at the close of business on August 18, 2017.

“The bank’s register of shareholders will be closed on August 21, 2017 to enable our Registrars prepare for the payment of interim dividend,” the statement signed Mr Michael Osilama Out, the company’s scribed stressed.

Zenith Bank further said dividend warrants will be posted on August 25, 2017 to shareholders whose names appear in the Register of Members as at the close of business on August 18, 2017 while shareholders who have mandated their dividend to their bank accounts will be credited on same date.

However, the bank disclosed that some dividend warrants and share certificates have remained unclaimed or are yet to be presented for payment or returned for revalidation.

“Affected shareholders are advised to contact the Registrars, Veritas Registrars Limited, Plot 89A, Ajose Adeogun Street, Victoria Island, Lagos State,” Zenith Bank advised.

The lender further urged shareholders “to update their records and/or open bank accounts, stockbroking accounts and CSCS accounts for the purpose of dividend payments and e-bonus,” adding that Application forms for change of address and e-dividend are available on the bank’s website http://www.zenithbank.com or the Registrar’s          website, http://www.veritasregistrars.com.”

It further disclosed that duly completed forms should be returned to Veritas Registrars Limited or to the nearest Zenith Bank Plc branch.

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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