Directors of Ecobank Transnational Incorporated (ETI) has proposed a $40m payout as dividend, translating to $0.16 cent per share, for the year ended December 31, 2021.

A statement by the group on Wednesday quoted the Company Secretary, Madibinet Cisse as informing “shareholders and the public that the board of ETI, at its meeting of February 25, 2022, approved the Ecobank consolidated audited accounts for the year ended December 31, 2021 subject to relevant regulatory approvals.”

The board also recommended the dividend, adding that “the relevant resolutions will be presented for shareholders’ approval at the upcoming Annual General Meeting of ETI.”

He further stated that “The details of the audited accounts will be published upon approval of relevant regulators. Consequently, the closed period which commenced from January 1, 2022, will continue until 24 hours after the Audited Accounts for the year ended December 31, 2021, are released to the Stock Exchanges on which Ecobank Transnational Incorporated is listed.”