Access Bank Plc has declared 25 kobo interim dividend to its shareholders for the first half of 2020. The Audited Financial Statement of the financial giant was published on Thursday 3rd of September 2020.
Access Bank reported Gross Earnings of N396.76 billion, up by 22.31% from N324.38 billion achieved in the first half of 2019.
Profit before tax grew by 1.84% to N74.31 billion from N72.96 billion reported in Half Year 2019.
For the period under review, Access Bank reported Profit after tax of N61.03 billion, down by 1.36% from N61.87 billion reported in H1’19. Earnings per share is calculated as N1.72, down by 1.36% from the EPS of N1.74.
With reference to the share price of N6.40, P.E ratio of Access Bank is calculated as 3.72x with earnings yield of 26.88%.
The Board of Directors of Access Bank proposed interim dividend of 25 kobo per ordinary share of 50 kobo, payable to shareholders on the register of shareholding at the closure date. Withholding tax was deducted at the time of payment.