Zenith Bank awaits CBN’s H1 results, dividend payout approval

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Zenith Bank

The management of Zenith Bank Plc has informed general public of Central Bank of Nigeria (CBN) approval of its audited 2018 half year financial statement and dividend payout to shareholders.

The lender in a statement signed by Company Secretary, Mr. Michael Otu,  to the NSE on Wednesday, said the board of directors at its meeting considered and approved 2018 half year audited results and payment of interim dividend subject to CBN approval.

According to the statement, “this is to inform the Nigerian Stock Exchange (NSE), shareholders and other stakeholders that the Board of Directors of Zenith bank at its meeting of July 24, 2018, considered and approved the 2018  half year audited results of the group and the payment of an interim dividend, subject to the approval of the CBN.

The NSE and investing public would be notified upon receipt of the approval of the CBN of the 2018 half year audited accounts and financial statements.

The financial institution in half year of 2017 declared interim dividend of 25 kobo  per 50 kobo ordinary share amid 112.4 per cent increase in profit after tax.

Given the backdrop of the macro environment and current policy direction, the Group achieved Profit Before Tax (PBT) and Profit After Tax (PAT) of N92 billion and N75 billion respectively representing a stellar growth of 71per cent and 112per cent over the same period of 2016.

Despite the announcement, the share price of Zenith Bank closed at N23.10 per share

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