Zenith Bank Plc shareholders have approved a final dividend of ₦4.00 per share at the bank’s 34th Annual General Meeting (AGM) held on Tuesday in Lagos. This brings the total dividend payout for the 2024 financial year to ₦5.00 per share, amounting to a total of ₦195.67 billion in dividends to shareholders.

The meeting saw Jim Ovia, Chairman and Founder of Zenith Bank, express his appreciation to shareholders for their continued support, which he credited as a major factor in the bank’s enduring success. He highlighted that the bank had successfully weathered the challenging global economic conditions of 2024, leveraging opportunities through its subsidiaries and maintaining strong operational resilience.

“The resilience we demonstrated has enabled us to continue delivering solid results and value to our shareholders,” Ovia said.

In her remarks, Adaora Umeoji, Group Managing Director and CEO of Zenith Bank, in her first AGM appearance in this role, thanked shareholders for their trust in her leadership. She reassured them that the bank is committed to sustainable growth, with future dividend payouts to reflect the bank's performance.

“We completed our recapitalization with a 160 percent subscription,” Umeoji noted. “As a result, we are not under pressure to raise additional funds, as the bank has strong capital buffers and remains focused on organic growth while upholding strict corporate governance.”

Faruk Umar, President of the Association for the Advancement of the Rights of Nigerian Shareholders, commended the bank’s leadership for the declared dividend and the strong growth in key financial metrics. He noted that Zenith Bank’s profit and shareholders' funds had surpassed the ₦1 trillion mark, describing this as a significant milestone for both the bank and the Nigerian banking sector.

Zenith Bank's continued financial strength and strategic leadership solidify its position as one of the most profitable and stable financial institutions in Nigeria.