Jaiz Bank proposes dividend worth N884 million for shareholders.

The Board of Directors of JAIZ Bank Plc has proposed a sum of N884 million as dividend to be paid to shareholders for the period ended 31st of December 2020.

This is according to a disclosure signed by the company’s secretary, Rukayat Dahiru, and sent to the Nigerian Stock Exchange.

According to the notice, the approval of the proposed dividends will see the Non-interest bank pay out a dividend of 3 kobo for each of the outstanding 29,464,249,300 ordinary shares of the company, held by its shareholders.

Despite posting double-digit growth in most of its key financial metrics in FY 2020, such as; PAT (+19%), PBT(+45%), etc., it is pertinent to note that JAIZ Bank’s proposed dividend remained unchanged when compared with what it declared last year (FY 2019: 3 kobo)

It is also worthy to note that the proposed dividend if ratified will be disbursed to qualified shareholders’, whose names appear in the Register of Members as at close of trading on 10th of June, 2021.

In addition, shareholders are urged to complete the e-dividend registration and submit to the Registrar (Africa Prudential Plc) or their respective banks.

What you should know:

  • Jaiz Bank Plc earlier reported a profit after tax of N2.9 billion in FY 2020
  • It closed trading yesterday 8th of April, 2021 with a share price of 62 kobo

For more information about the proposed dividend, click HERE.

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