Fidelity Bank Plc proposes 35 kobo dividend, grows PAT by 33.5% in FY 2021

Fidelity Bank Plc on Thursday declared 35 kobo dividend to its shareholders for the year ended 31 December 2021.

The Financial Institution achieved significant growth in its top line and bottom line figures for the year under review.

Gross Earnings of N250.774 billion was reported for the 12 months period, up by 21.61% from N206.204 billion reported the previous year.

Profit after tax grew by 33.5% to N35.579 billion from N26.65 billion reported in FY 2020.

Earnings per share increased to N1.23 from the EPS of N0.92, which translates to 33.5% growth, year on year.

At the share price of N3.20, the P/E ratio of Fidelity Bank stands at 2.22x with earnings yield of 45.14%.

The 35 kobo dividend will be paid to Shareholders whose names appear on the Register of Members at the close of business on 5 May, 2022. The proposed dividend is subject to Withholding Tax at the applicable tax rate.  

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