Zenith Bank Declares N2.50 Dividend for FY 2019

By Dipo Olowookere

Tier-one Nigerian lender, Zenith Bank Plc, has announced a dividend of N2.50 per share for its shareholders for the year ended December 31, 2019.

In a notification on Friday, the bank said the cash reward would be paid to shareholders whose names appear in the register of members as at the close of business on March 9, 2020.

The payment is subject to appropriate withholding tax and approval of the company’s investors at the Annual General Meeting (AGM) fixed for March 16, 2020 at the Shehu Musa Yar’Adua Centre in Abuja.

Zenith Bank, which also released its financial statements for the year today, said it would close its register of members on March 10, 2020, a day after the qualification date.

It further stated that on March 16, 2020, the dividends would be paid electronically to shareholders whose names appear on the register and have completed the e-dividend registration and mandated the registrar to pay their dividends directly into their bank accounts.

It therefore, urged shareholders who are yet to complete the e-dividend registration to download the registrar’s E-Dividend Mandate Activation Form on their website. The name of Zenith Bank’s registrar is Veritas Registrars Limited located on Ajose Adeogun Street, Victoria Island, Lagos.

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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