Dividend Aristocrat, Fidelity Bank, Offers to Close in 5-Day
One of the Nigeria’s dividend aristocrats, Fidelity Bank Plc, combined offers, public and rights issue will be closed from receiving subscription in the next five days, some investment banking firms said in separate notice to investors.
In an email statement, Futureview Financial Services Limited has also announced that issue of ₦127 billion combined Offer of Public Offer and Rights Issue is now open and scheduled to close on Monday, 29th of July 2024.
The firm told investors that Fidelity Bank Plc, a full-fledged commercial bank, has over 8.5 million customers across its 251 business offices and various other digital banking channels in Nigeria and the United Kingdom.
Fidelity Bank is rapidly implementing a digital based retail banking strategy which has resulted in exponential growth in savings deposits over the last 12 years, with over 57 percent customer enrollment on the Bank’s flagship mobile/internet banking products.
Quoted on the Nigerian Exchange (NGX) as a publicly traded company in 2005, Fidelity Bank Plc began operations in 1988 as a Merchant Bank. In 1999, it converted to Commercial Banking and then became a Universal Bank in February 2001.
Fidelity Bank Plc has maintained a consistent dividend payout over the past 15 years, even during the most challenging periods for the Nigerian banking industry. In the last 5 years, dividends have moved within the band of + or – 70.0% of N0.30 per share with average dividend yield of 8.20%. Transcorp Hotels Grows Profit by 169% to N6.616 Billion
