Zenith Bank Plc has paid a total dividend of N195.67 billion to its shareholders for the 2024 financial year.
The bank’s shareholders approved the proposed final dividend payment of N4.00 per share, bringing the total dividend for the year to N5.00 per share.
The Founder and Chairman of Zenith Bank, Jim Ovia, thanked shareholders for their unwavering support, which has contributed to the bank’s stellar performance over the years.
Despite global challenges in 2024, Zenith Bank leveraged opportunities within its subsidiaries to record a solid performance.
The Group Managing Director/Chief Executive Officer, Dr. Adaora Umeoji, expressed her appreciation to shareholders for their commitment and support.
She promised a quantum leap in dividends going forward, stating that Zenith Bank is committed to meeting and exceeding shareholder expectations.
“We have successfully completed our recapitalization exercise, achieving 160% subscription. We are not under any pressure to go back for the second time to raise funds.
“Zenith Bank has sufficient capital buffer to do business, and we will continue to delight our shareholders,” Dr. Umeoji said.
Shareholders praised the bank’s management and board for their outstanding performance.
Dr. Faruk Umar, President of the Association of the Rights of Nigerian Shareholders, commended Dr. Umeoji for her efforts in ensuring the growth of the bank’s financial indices.
Zenith Bank’s financial performance in 2024 was impressive, with an 86% growth in gross earnings to N3.97 trillion.
Customer deposits grew by 45%, and total assets rose by 47%, underpinned by a strong liquidity position and effective balance sheet management.
The bank’s robust financial performance has earned it numerous awards, including being recognized as the Number One Bank in Nigeria by Tier-1 Capital for the 15th consecutive year.
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