Zenith bank has fixed Dividend Payment date for 23 March, the same day that the bank will be holding its annual general meeting. Zenith Bank’s shares has a strong 40.5 percent upside recommendation from FBNQuest based on its closing price of N14.7 on Friday, 24 February.
, Zenith Bank is recommending a final cash dividend of 177 kobo after initially paying an interim dividend of 25 kobo earlier in the year, bringing the bank’s total dividend per share in 2016 to 202 kobo.
Despite rising inflation in the country, Zenith Bank was able to keep personal and operating expenses flat, a good strategy in a contracting economy where businesses must do all they can to extract higher value from all inputs. So by keeping core business earnings up and expenses flat, Zenith Bank announced a profit before tax of N157 billion, 25 percent higher than the profit before tax of N126 billion made in the same period of 2015. Final profit after tax stood at N130 billion in 2016, 23 percent higher than the profit made in 2015. With earnings per share of 412 kobo