Zenith Bank Promises “Quantum Leap” in Dividends as Shareholders Rejoice at AGM

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Olori Uwem

Well-Known Member
Mar 18, 2024
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Zenith Bank Promises “Quantum Leap” in Dividends as Shareholders Rejoice at AGM

Detailed Breakdown of the News:

At the 34th Annual General Meeting (AGM) of Zenith Bank Plc, held in 2025, the new Group Managing Director and CEO, Dame Dr. Adaora Umeoji, OON, confidently addressed shareholders with a bold promise: a significant increase in dividend payouts is on the horizon.

Key Highlights:
• Shareholder Excitement Over Dividends:
Dr. Umeoji acknowledged that dividends are what shareholders look forward to most and assured them that the bank is committed to not only maintaining its track record but surpassing it.
• Strong Dividend History:
In 2024, Zenith Bank paid N5.00 per share, totaling N195.68 billion in dividends — one of the highest in Nigeria’s banking sector. This reflects a 55.81% growth over the 2023 payout.
• Dividend Yield and Returns:
• Dividend yield: 10.53%
• Total Shareholder Return (2024): 70.2%
• 5-year dividend CAGR (2020–2024): 20%
• Total dividends paid over 5 years: N613.25 billion
• Strong Q1 2025 Performance:
Zenith Bank reported a 20.7% growth in Q1 profit after tax, reaching N311.83 billion, already surpassing 30% of its entire 2024 earnings.
• Successful Recapitalization:
The bank’s recent capital raise was 160% oversubscribed, giving it a robust capital buffer and eliminating the need for additional fundraising.
• CEO’s Vision:
Dr. Umeoji aims to build a resilient, sustainable institution that not only survives economic headwinds but “outlives generations.”

Bottom Line:

Zenith Bank is not just talking the talk — it’s delivering strong results, consistent dividends, and now, under bold new leadership, it’s gearing up for a “quantum leap” in shareholder rewards. With rising profits, strong investor confidence, and strategic leadership, the bank is positioning itself as a dividend powerhouse.