Zenith
Bank Plc has announced it will pay a dividend of N1.75 per share to its
shareholders for the 2014 financial year.
The
bank, in its results posted on the Nigerian Stock Exchange (NSE) website on
Thursday, noted that this would be subject to the approval of its shareholders
at its forth coming Annual General Meeting.
The
bank’s shareholders had enjoyed the same N1.75 per share dividend payout in
prior year results.
Its
results showed that its profit after tax grew by nearly nine per cent from N91.58
billion at the end of the 2013 financial year, to N99.45 billion in the year
under consideration; while its group gross earnings also rose by 14.8 per cent
to N403 billion, up from N351.47 billion recorded the previous year.
The
result also showed that group total assets rose by nearly 20 per cent from N3
trillion at the end of 2013, to N3.76 trillion in the year under review.
Further
analysis include the lender’s total equity that gained nearly nine per cent to
N552.6 billion as against N509.25 billion recorded in 2013.
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