FCMB Group Plc has announced a final dividend of 15 kobo for every 50 kobo ordinary share, subject to appropriate withholding tax and approval of shareholders.
The audited report of the Group for the year ended 31 December 2020 showed growth in the bank’s topline and bottom line figures.
Gross earnings grew by 10.04% year on year to N199.44 billion from N181.25 billion reported in 2019.
Profit after tax for the twelve months period was N19.61 billion, up by 13.11% from N17.34 billion achieved the previous year.
Earnings per share (EPS) of the Group increased to 99 kobo from the EPS of 88 kobo, which translates to 13.11% growth, year on year.
At the share price of N2.98, the P.E ratio of FCMB stands at 3.01x with earnings yield of 33.23%
Qualification date for the proposed dividend is on Thursday, 8 April 2021. Register of Shareholders will be closed from Friday, 9 April – Tuesday 13 April 2021.
On Wednesday, 21 April 2021, dividends will be paid electronically to shareholders whose names appear on the Register of Members as at the close of business on Thursday, 8 April 2021, and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.