Between 2018 and 2019, quoted Nigerian banks paid out a total of N538.1 billion as dividends to their shareholders. In 2019 alone, the total dividends paid by these banks stood at N277.9 billion, according to checks by Nairametrics Research.
Interestingly, even though the banking index of the Nigerian Stock Exchange has been one of the most-liquid and best-performing indexes so far in 2020, there are strong indications that many bank shareholders will receive lesser or no dividends in 2020. This is because of the recent economic challenges occasioned by the Coronavirus pandemic.
There are thirteen commercial banks that are listed on the Nigerian Stock Exchange. These are all familiar names, including the tier-1 banks – FBN Holdings Plc, United Bank for Africa Plc, Guaranty Trust Bank Plc, Access Bank Plc, and Zenith Bank Plc. Others are Ecobank Transnational Incorporated, Fidelity Bank Plc, Stanbic IBTC Holding Plc, Union Bank of Nigeria Plc, Sterling Bank Plc, FCMB Group Plc, Wema Bank Plc, and Jaiz Bank Plc.
https://nairametrics.com/2020/05/06...hould-expect-lesser-dividend-payouts-in-2020/
Interestingly, even though the banking index of the Nigerian Stock Exchange has been one of the most-liquid and best-performing indexes so far in 2020, there are strong indications that many bank shareholders will receive lesser or no dividends in 2020. This is because of the recent economic challenges occasioned by the Coronavirus pandemic.
There are thirteen commercial banks that are listed on the Nigerian Stock Exchange. These are all familiar names, including the tier-1 banks – FBN Holdings Plc, United Bank for Africa Plc, Guaranty Trust Bank Plc, Access Bank Plc, and Zenith Bank Plc. Others are Ecobank Transnational Incorporated, Fidelity Bank Plc, Stanbic IBTC Holding Plc, Union Bank of Nigeria Plc, Sterling Bank Plc, FCMB Group Plc, Wema Bank Plc, and Jaiz Bank Plc.
https://nairametrics.com/2020/05/06...hould-expect-lesser-dividend-payouts-in-2020/