FBNH to pay 26 kobo dividend to shareholders, grew PAT by 58.23%

The audited report of First Bank of Nigeria Holdings (FBNH) was released today, April 12, 2019. The holding company grew its Profit after Tax (PAT) by 58.23% year on year, closing at 59.7 billion compared to the previous PAT of 37.7 billion in 2017.

Earnings per share of the group rose from N1.15 in 2017 to N1.66 in 2018.

With reference to its current share price of N7.5, the PE ratio of FBNH stands at 4.55x with earnings yield of 22%.

FBNH proposed a dividend payout of 26kobo to shareholders. Relative to the current share price of N7.5, dividend yield of FBNH is 3.47%. Qualification date for dividend is April 22, 2019. Register of shareholders will be closed from April 23 to April 29, 2019

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