Zenith Bank Up Near N2trn Ahead of Earnings, Dividend
Zenith Bank Plc inched near N2 trillion mark on the Nigerian Exchange (NGX) in the latest rally that nudged its market valuation up by 5.7%—ahead of the annual general meeting of shareholders.
The market anticipates Zenith Bank will release its first quarter of financial year 2025 earnings scorecard in line with regulatory demand, as the group is set to pay dividends in the new week.
According to data from the Nigerian market, Zenith Bank’s share price climbed to N46.50 on Friday after 22.935 million units valued at N1.045 billion exchanged hands, with huge shares signaling foreign investors ownership via an open transaction close on Friday.
The NGX authority marked down Zenith Bank’s share price for its final dividend payment to shareholders after its impressive earnings performance. Equities investors, value hunters, were after Zenith Bank shares in the local bourse, lifting the bank’s share price in an all-week rally that lasted for four days.
Renewed interest in Zenith Bank nudged the market value of its 41.069 billion outstanding shares to N1.909 trillion, trading at a discount to its 52-week high in the stock market on Friday.
Zenith Bank will hold its 34th annual general meeting on April 29, and the group has a plan to pay shareholders N4 dividend on the same day. #Zenith Bank Up Near N2trn Ahead of Earnings, Dividend BUA Cement Bolsters Earnings; Profit Rises by 351% in Q1
