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FBN Holdings declares N0.38 dividend per share

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FBN Holdings Plc – the parent company of Nigeria’s oldest bank, First Bank of Nigeria Limited –Tuesday announced it would pay a dividend of N0.38 per share to its shareholders for Full Year 2019.

The board resolution is coming on the heels of yesterday’s release of the firm’s 2019 audited financial statement in which it reported a 26.5% leap in profit from N58.232 billion at FY2018 to N73.665 billion in the year under review.

“On Tuesday, April 28, 2020 dividends will be paid electronically to shareholders whose name appear on the Register of Members as at Monday, April 20, 2020 and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their bank accounts,” its notice to the Nigerian Stock Exchange (NSE) says.

READ ALSO: NSE: Market down by N222bn amidst heavy sell-off of large-cap stocks

The qualification date for investors willing to benefit from the dividend payout is 20th April 2020 according to the document.

FBN Holdings’ outstanding shares are in excess of 35.895 billion with Earnings Per Share of N1.44.

Currently, it has a Price to Earnings Ratio of 2.85 and a 6.34% dividend yield.

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