Zenith Bank Plc has proposed an interim dividend of N1 for its shareholders for the period ended 30th June 2024. The financial Institution on Friday published its Second Quarter report for the 6 months period and result shows significant growth in the Group’s topline and bottom line figures, year on year.
The Group reported Gross Earnings of N2.101 trillion for the 6 months period, up by 117.25% from N967.26 billion reported in the corresponding period in 2023.
Profit after tax grew year on year by 98.13% to N577.997 billion from N291.731 billion reported the previous year.
Earnings per share of the Group stands at N18.41.
At the share price of N38.25, the P/E ratio of Zenith Bank stands at 2.08x with earnings yield of 48.13%.
Qualification date for the proposed interim dividend of N1 is on September 13, 2024. The Register of Shareholders will be closed on September 16, 2024. Payment date is September 20, 2024.