Zenith Bank Plc declares N2.80 as final dividend, grows PAT to N244.56bn in FY 2021

Zenith Bank Plc on Monday published its Audited Financial Statement for the year ended 31 December 2021.

The financial institution achieved year on year growth in its topline and bottom line figures for the period under review.

The group reported Gross Earnings of N765.558 billion, up by 9.92% from N696.45 billion reported the previous year.

Profit after tax of N244.558 billion was achieved for the 12 months period, up by 6.07% from N230.565 billion profit reported in FY 2020.

Earnings per share of the Company stands at N7.79, up by 6.07% from the EPS of N7.34 reported the previous year.

At the share price of N27.10, the P/E ratio of Zenith Bank stands at 3.48x with earnings yield of 28.74%.

Zenith Bank proposed a final dividend of N2.80 to its shareholders. This represents an increase in dividend pay-out by 10 kobo compared to N2.70 declared the previous year.

Qualification date is on March 25, 2022.

Closure of Register is on March 28, 2022, while payment date is on April 6, 2022.

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