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  • Business - Companies
  • Updated: August 27, 2021

Zenith Bank To Pay N9.4bn Interim Dividend For H1

The Board of Directors of Zenith Bank Plc have proposed an interim dividend of 30kobo per share (same as in the first half of 2020) from the retained earnings account as of June 30, 2021.

This was announced along with its audited financial report for the half-year (H1) ended June 30, 2021, which highlighted that the company's gross earnings flattened by 0.15percent to N345.55billion, from a high of N346.08billion recorded in the half-year (H1) of 2020.

Zenith Bank Plc has 31,396,493,786 in shares outstanding, which means that it will pay an interim dividend worth N9.42billion, subject to withholding tax (WHT).

The bank’s profit before tax (PBT) of N117.05billion in half-year of 2021 represents an increase by 2.6percent when compared to N114.12billion pre-tax profit in H1’2020. Profit after tax (PAT) of N106.119billion in H1 2021 represents an increase by 2.21percent as against an after-tax profit of N103.826billion in H1 2020.

In the half-year period to June 30, the bank’s basic and diluted earnings per share increased slightly to N3.38 from N3.30 in H1’2020.

 

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Oluwatosin Ogunjuyigbe
Oluwatosin Ogunjuyigbe

A seasoned business content writer, financial markets analyst, and tech enthusiast.

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