Shareholders of Zenith Bank on Monday approved the proposal of the board to pay final dividend of N2.50k per share as dividends for the 2018 financial year.
The shareholders gave the approval at the 28th Annual General Meeting of the bank in Lagos.
The directors proposed a final dividend of N2.50 per share in addition to the N0.30 per share paid as interim dividend amounting to N2.80 per share, as against the N2.70 per share in 2017.
The News Agency of Nigeria (NAN) reports that the bank has earmarked N87.91 billion for total dividend payment to shareholders for 2018 financial year as against N84.77 billion paid in 2017.
The Chairman of the bank, Mr Jim Ovia, said that the bank remained committed to delivering superior returns to its much valued shareholders by ensuring that a good chunk of its profits was set aside for shareholders.
“In clear demonstration of this, we had declared and paid an interim dividend of 30 kobo per share in the course of the 2018…
