Zenith Bank to pay shareholders N94.19bn as dividend for 2020 financial year
Zainab Iwayemi
March 17, 2021
Zainab Iwayemi Following the release of the Zenith Bank audited financial result which reflected a 5 percent rise in Profit Before Tax (PBT) from N243.3 billion to N255.9 billion despite the Covid-19 pandemic, the bank has approved the proposed additional dividend of N2.70 per share, summing the total dividend payment for the year 2020 […]
Sterling Bank grows net profit by 14.9%, pledges loan-book diversification to HEART sectors
Adesola AfolabiApril 1, 2019
Sterling Bank Plc has reported a profit after tax of N9.2 billion on gross earnings of N152.2 billion for the financial year ended December 31, 2018 compared with a net profit of N8 billion on gross earnings of N133.4 billion in the corresponding period of 2017. This represents an increase of 14.9 percent in net […]
Stanbic IBTC reports 78% growth in PAT, declares N10.1bn as interim dividend
Adesola AfolabiAugust 16, 2018
Stanbic IBTC Holdings Plc.’s consolidated financial statements as at June 30, 2018, shows profit after tax (PAT) grew by 78 percent to N43.1 billion as against N24.1 billion reported in the same period of 2017 The results released to the Nigerian Stock Exchange on Thursday show gross earnings rose 17.5 percent from N97.2 billion in […]
CSCS records strong performance amid daunting economic realities, increases dividend payout by 233%
Adesola AfolabiMay 29, 2018
The Central Securities Clearing System (CSCS) Plc, has received shareholders approval on a proposed final dividend of 70K per share, which amounts to a total dividend of N3.5 billion, representing a 233 percent increase over last year’s dividend payout of N1.05 billion. The dividend proposal at the 24th Annual General Meeting held in Lagos on […]
Nigerian Breweries proposes 100% 2017 dividend payout ratio to Shareholders
Businessam StaffApril 13, 2018
The management of Nigerian Breweries has for the third year in a row proposed a 100 per cent pay out of its profits as dividend to its shareholders. This amounts to a total of N33 billion and N4.13 per share, a 100 percent earning on every 50k share held and the highest ever declared by the […]
Nigerian Breweries to pay shareholders N33bn dividend
Kayode OgunwaleFebruary 15, 2018
The board of directors of Nigerian Breweries Plc has announced its results for the 2017 operating year with a dividend recommendation of N33 billion to its shareholders. The recommendation, which amounts to a total dividend of N4.13 per share for the 2017 operating year was part of the company’s filing to The Nigerian Stock Exchange […]
Vitafoam approves N156.3m dividend for investors
Jerome UshakangJanuary 8, 2018
The board of directors of Vitafoam Nigeria Plc. has approved the N156 million-dividend payout for investors in accordance to a resolution passed at a meeting held on December 19, 2017, which recommended 15 kobo dividend per share for the financial ended September 30, 2017. However, the approval is subject to concurrence by the shareholders at […]
When dividends can be harmful to a company’s health
Businessam StaffAugust 13, 2017
Pearson’s self-declared ambition to be seen as “the world’s learning company” came a little more into focus last month as the former FT owner offloaded a 22% stake in Penguin Random House (PRH). The sale – to PRH’s co-owner, German media giant Bertelsmann – alongside a recapitalisation of the business, raised some $1bn (£767m) and […]