Zenith Bank Plc shareholders approved a final dividend payment of NGN3.50 per share at the 33rd Annual General Meeting held in Lagos on May 8, 2024.
This brings the total dividend for the 2023 financial year to NGN4.00 per share, totaling NGN125.59 billion, the highest dividend payout by any bank.
Founder and Chairman, Dr. Jim Ovia, expressed gratitude to shareholders for their unwavering support, attributing it to the bank’s consistent superior performance.
The Group Managing Director/CEO, Dr. Ebenezer Onyeagwu, acknowledged Ovia’s mentorship and announced the transition to Dame (Dr) Adaora Umeoji as his successor.
Bisi Bakare of the Pragmatic Shareholders Association commended Zenith Bank’s exceptional performance and anticipated even greater returns as a Holding Company.
Dr. Faruk Umar of AARNS praised the bank’s succession planning, while Chief Timothy Adesiyan lauded its adherence to corporate governance principles.
Despite economic challenges, Zenith Bank achieved triple-digit growth in gross earnings and plans to expand following its restructuring into a holding company.
The bank’s track record of excellence has earned it numerous awards, solidifying its position as a leading bank in Nigeria.
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