BusinessFidelity Bank Announces Interim Dividend Payment Date

Fidelity Bank Announces Interim Dividend Payment Date

September 05, (THEWILL) – Fidelity Bank Plc has said it will pay an interim dividend of twenty-five kobo per share to its shareholders on September 22, 2023, and that the dividends will be subject to the appropriate withholding tax.

The Tier-2 financial service institution made this disclosure in a notice filed with the Nigerian Exchange on Tuesday.

It said that only the shareholders whose names appear in the Register of Members as at September 15, are eligible for the dividend payment.

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It added that the members must have also completed the e-dividend registration mandating the Registrar to pay their dividends directly into their bank accounts.

“An Interim Dividend of N0.25 (twenty-five kobo) per Ordinary Share of N0.50 each subject to the appropriate Withholding Tax, will be paid to shareholders whose names appear in the Register of Members at the close of business on September 15, 2023, subject to the appropriate withholding tax.

“On September 22, 2023, dividends will be paid electronically to shareholders whose names appear on the Register of Members as at September 15, 2023 and have completed the e-dividend registration mandating the Registrar to pay their dividends directly into their bank accounts.

“Shareholders with dividend warrants and share certificates that have remained unclaimed or are yet to be presented for payment or returned or for validation are advised to complete the e-dividend registration form or contact the Registrar,” the bank said in the corporate disclosure published by the Nigerian Exchange on Tuesday.

Fidelity Bank reported Gross Earnings of N247.1 billion for the 6 months period ending June 30, 2023, up by 59.58% from N154.84 billion reported the previous year.

Profit after tax (PAT) of the Group grew year on year by 166% to N61.995 billion from N23.307 billion reported the previous year.

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Sam Diala is a Bloomberg Certified Financial Journalist with over a decade of experience in reporting Business and Economy. He is Business Editor at THEWILL Newspaper, and believes that work, not wishes, creates wealth.

Sam Diala, THEWILLhttps://thewillnews.com
Sam Diala is a Bloomberg Certified Financial Journalist with over a decade of experience in reporting Business and Economy. He is Business Editor at THEWILL Newspaper, and believes that work, not wishes, creates wealth.

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