Breaking! Zenith Bank Nets N88.806bn, Offers N.30 Dividend

The board of Zenith Bank, on Monday presented its audited financials for the half-year ended June 30, 2019, indicating a constrained 2.9% growth in gross earnings, while profit before tax inched 4% up.
Net profit for the period stood at N88.806bn, from N81.558bn, translating to Earnings Per Share of N2.83, as against the N2.60 reported in the previous half-year, the directors have recommended a dividend of 30 kobo per share, totaling N9.42bn.
Register of members for the purpose, according to the directors, closes August 30, 2019, while qualification date is August 29, 2019; following which the interim “dividend will be paid electronically to shareholders whose names appear on the register of members as at August 29, 2019 and who have completed the e-dividend registration and mandated the registrar to pay their dividend directly into their bank accounts.”
The Non-Performing loan ratio for the period under review increased from 4.9% to 5.3%.
Details later…