Access Bank declares 60k dividend

Nigeria’s Access Bank has proposed a final dividend of 60k per share to all its shareholders for the financial year ended Dec.31, 2012 to bring its total dividend to 85k against the 50k paid in 2011.

According to the bank’s 2012 audited result released by the Nigerian Stock Exchange (NSE), the proposed dividend which stood at N13.73 billion, would be approved by the bank’s shareholders at its Annual General Meeting on April 25.

The amount is against N8.94 billion paid in the preceding year. The bank, had in 2012, paid an interim dividend of 25k per share to the shareholders.

The bank during the period under review declared gross earnings of N208.31 billion against the N135.64 billion recorded in the corresponding period in 2011, indicating an increase of 54 per cent.

Its profit before tax increased by 86 per cent to N44.88 billion against the N24.12 billion posted in the previous year.

The bank’s profit grew by 150 per cent to N38.41 billion in contrast to the N15.38 billion announced in 2011.

Its total assets stood at N1.75 trillion compared with N1.63 trillion posted in the previous year.

Zenith Bank, which also recorded a higher profit last year declared a dividend of N1.60 per share, about one American cent.

Guaranty Trust Bank made a dividend return of N1.30k.

Zenith Bank made a profit before tax (PBT) of N102.10 billion for the financial year ended December 2012, reflecting an increase of 51.4 per cent above the N67.44 billion recorded in 2011.

The bank’s declared dividend was 68 per cent higher than the 95 kobo dividend paid the previous year.

On the other hand, GTBank’s full year results for the year ended December 31, 2012, showed that it realised a profit before tax of N103.028 billion, representing an increase by 66 per cent, compared to N62.080 billion in 2011.

It declared a dividend of N1.30 per share, up by 53 per cent over the 85 kobo per share declared in 2011.