Nigeria’s Zenith Bank declares N0.30 per share interim dividend
Nigeria’s Zenith Bank has declared an interim dividend of N0.30 per share for its shareholder from the profit made from its operations at the end of its first six months of 2020, the bank said on Thursday.
Zenith posted a Profit Before Tax (PBT) of N114.12 billion compared with N111.67 billion, representing 2.69 percent over the amount of profit made in the same period of last year.
The bank also improved its revenue to N346.09 billion at the end of June 30, 2020, compared with N231.58 billion gross earnings in the corresponding period of last year.
Zenith Bank profit after tax also rose to N103.83 billion against N88.88 billion posted in the same period of last year.
Of the four banks that have reported their half year financial performance, only Zenith and Stanbic IBTC posted increase profits during the first six months of the year.
Stanbic IBTC posted N52.40 billion profit before tax at the end of its first half financial operations against N44.65 billion for the same period last year.
However, Guaranty Trust Bank (GTB) posted a profit after tax of N109.71 billion, down from N115.78 billion posted in the same period of last year.
Also, the United Bank for Africa (UBA) recorded N57.13 billion profit before tax in the first half of the year, down from N99.13 billion posted the previous year.
However, all the four lenders that have so far released their financial reports declared dividend for their shareholders.
GTB declared N0.30 dividend per share to its shareholder, UBA declare N0.17 billion for its own shareholder, while Stanbic IBTC declared the highest of N0.40 per share dividend for its shareholder.