By Adedapo Adesanya
Top Nigerian financial institution, Zenith Bank Plc, has proposed to pay 30 kobo per ordinary share of 50 kobo to its shareholders as dividends for half year ended June 30, 2019. This amounts to N9.42 billion, Business Post learned.
In a notice to the Nigerian Stock Exchange (NSE) on Monday, the bank said the payment would only be made to shareholders whose names appear in its registers of members as at the close of business on Thursday, August 29, 2019.
The notice signed by the company’s Secretary, Mr Michael Osilama Otu, stated that the dividends will be paid electronically on Monday, September 2, 2019.
As for holders of the bank’s Global Depository Receipts (GDR), it was revealed that the dividend would be paid at an undisclosed date after the local payment date.
The disclosure stated that the register of members would be closed on Friday, August 30, 2019 in preparation for the disbursement of the cash reward to the beneficiaries.
The bank further advised its shareholders yet to complete their electronic dividend registration with the registrar to do so to enable them get payment of the interim dividend directly into their bank accounts.
It said this E-Dividend Mandate Form can be obtained on the website of the registrar, Veritas Registrars Limited. After completing the form, shareholders can then proceed to submit to the registrar or their banks for processing.
Zenith Bank also directed shareholders with unclaimed dividends and share certificates to complete their electronic registration.
Dipo Olowookere