ADVERTISEMENT
  • The Membership Club
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Wednesday, April 14, 2021
Premium Times Nigeria
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
ADVERTISEMENT
Zenith Bank Plc

Zenith Bank Plc

Zenith Bank to pay shareholders N94.19 billion dividend for 2020

Zenith Bank’s profit for the year advanced 10.4 per cent to N230.57 billion from N208.84 billion.

byRonald Adamolekun
March 17, 2021
1 min read

RelatedNews

NiMet predicts three days of sunshine, thunderstorms across Nigeria

Wild Polio Virus may resurface in Nigeria if … – UNICEF

Fuel queues resurface in Sokoto

Appeal Court reinstates Edo commission dissolved by Oshiomhole

ADVERTISEMENT

Tier 1 lender Zenith Bank Plc is on course to pay shareholders N94.19 billion total dividend (translating to N3 dividend per share) for the 2020 financial year after getting stockholders’ nod for cumulative final dividend payout of N84.77 billion (translating to N2.70 dividend per share) on Tuesday.

Zenith Bank had earlier last year rewarded shareholders with an interim dividend of N0.30 per share, summing up to N9.42 billion.

The lender paid N2.80 as total dividend per share for the penultimate year, meaning its dividend for 2020 was a 7.14 per cent leap over the figure for the year before.

“Despite a challenging macroeconomic environment exacerbated by the COVID 19 pandemic, the group’s gross earnings rose by 5 per cent to N696.5 billion from N662.3 billion reported in the previous year, with an 8 per cent growth in non-interest income from NGN232.1 billion in 2019 to NGN251.7 billion in 2020 and a 1 per cent increase in interest income from NGN415.6 billion in 2019 to NGN420.8 billion in 2020,” it said in a press statement seen by PREMIUM TIMES.

Zenith Bank’s profit for the year advanced 10.4 per cent to N230.57 billion from N208.84 billion, according to its audited earnings report.

In the period under review, total deposit grew by a quarter to N5.34 trillion, while total assets scaled up by 34% from N6.35 trillion to N8.48 trillion.

The N3 per share dividend declared for 2020 implies Jim Ovia, the bank’s chair and principal shareholder, will receive N15.216 billion for his 11.29 per cent holding equivalent to 3.546 billion shares in the lender.

Shares in Zenith Bank was traded in Lagos at 12:03 West African Time on Wednesday at N20.4 per share, up by 0.49 per cent.

  • WhatsApp
  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • Share on Tumblr
  • Pocket

Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate


TEXT AD: To advertise here . Call Willie +2347088095401...


JOIN THE CONVERSATION

  • Disqus (0)
premiumtimes



PT Mag Campaign AD

Previous Post

Lift ban on our businesses, club owners appeal to Lagos govt

Next Post

Agriculture, Works/Housing Ministries, others make presentations at 38th virtual FEC

Ronald Adamolekun

Ronald Adamolekun

More News

President Muhammadu Buhari (R) welcoming President Emmanuel Macron of France at the Presidential Villa in Abuja on Tuesday (3/7/18) 03540/3/72018/Callistus Ewelike/NAN

France-Nigeria bilateral trade drops by $2.2 billion in 2020 – Official

April 14, 2021

Naira slides at official market

April 13, 2021
Central Bank of Nigeria on the need for a Trade Remedies Legislation

CBN begins registration of more financial institutions on credit management platform

April 13, 2021
Twitter Ghana

Why we chose Ghana over Nigeria, others — Twitter

April 13, 2021
Dangote Cement announces N273 billion dividend for shareholders

We’ve lost dollars to sell cement in Nigeria —— Dangote

April 13, 2021
Naira notes used to illustrate market trading

Naira gains at parallel market

April 12, 2021
Next Post
President Muhammadu Buhari [PHOTO CREDIT: @BashirAhmaad]

Agriculture, Works/Housing Ministries, others make presentations at 38th virtual FEC

Stanbic IBTC Bank [PHOTO CREDIT: Stanbic IBTC Bank]

Brandishing Stanbic IBTC's Impressive Gender Equity Scorecard

Discussion about this post

Search

#EndSARS: Latest Updates




Polaris Bank


JAIZ Ad


Access Bank Ad


NITDA Ad





Glo Ad

Subscribe to News via Email

Enter your email address and receive notifications of news by email.

Join 1,650,898 other subscribers.

Advertisement






netherland biz school Advert



Zenith Advert

ADVERTISEMENT

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

No Result
View All Result
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • Opinion
  • PT Hausa
  • The Membership Club
  • Dubawa
    • Dubawa NG
  • About Us
    • Advert Rates
  • Careers
  • Contact Us
  • Digital Store
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

Our website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.