Zenith Bank, GTCO, UBA Set to Pay Dividends Ahead of Q1 Earnings

Zenith Bank, GTCO, UBA Set to Pay Dividends Ahead of Q1 Earnings

Zenith Bank, GTCO, and other top Nigerian banks, including their tier-2 challengers, are warming up to pay their shareholders their final dividend in April and May as the market also eyes their first-quarter earnings release.

According to details from its regulatory filing, Zenith Bank Plc will pay shareholders N4 as a final dividend on April 29 following its shareholders approval at the annual general meeting.

Zenith Bank, the second most valuable on the Nigerian Exchange in the banking category, was valued at N1.848 trillion following a moderate rally on NGX after dividend markdown.

GTCO, valued at more than N2.04 trillion, has been marked down for its final dividend payment of N7.03 scheduled for April 24, 2025.

United Bank for Africa (UBA) Plc will be paying its shareholders N3 on April 25, and the pan-African lender has been marked down for dividend. In the local bourse, UBA is worth N1.128 trillion at the close of the trading session on Tuesday.

Access Holdings Plc, a financial services group worth N1 trillion on the Nigerian Exchange, will be paying its shareholders N2.05 on May 15.  First Holdco, the elephant-branded financial company worth about N1 trillion in the equities market, will be paying 60 kobo to shareholders, but data has not been communicated.

Fidelity Bank, a tier-2 lender worth about N934 billion in market value on the Nigerian Exchange, will be paying shareholders N1.25 on April 29.  Valued at N362 billion in the equities market, FCMB Group will be paying shareholders 55 kobo on April 29.

Stanbic IBTC is scheduled to pay shareholders N3 per share on May 16, according to the Tier-2 lender’s regulatory filing. In the local bourse, Stanbic IBTC’s market value climbed to N767 billion following a mild rally on the exchange on Tuesday.

Wema Bank Plc is paying shareholders N1, but the financial services company has not announced its dividend payment date yet. #Zenith Bank, GTCO, UBA Set to Pay Dividends Ahead of Q1 Earnings Pension Fund Assets Grows to N23.366 Trillion