Zenith Bank to pay N9.42bn as half-year interim dividend

Zenith Bank Plc released its audited interim report for the half-year (H1) ended June 2018 with a proposal to pay an interim dividend of 30kobo per share amounting to N9.4billion.

The tier-1 lender’s first-half scorecard at the Nigerian Stock Exchange shows it made a profit before tax (PBT) of N107.35billion in H1’18 period against N92.18billion in H1’17, representing an increase of 16.5percent.

The bank’s Gross Earnings thinned by 15.3percent to N322.20billion against N380.44billion in the corresponding first-half period of 2017. Investors raised bet on the bank’s shares prompting a 10kobo gain, from N23.85 to N23.95 at the close of trading on the Lagos Bourse.