Fidelity Bank Plc declares 60 kobo dividend to shareholders

Date:

April 16, 2024.

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Azonuchechi Chukwu.

Fidelity Bank Plc has declared a final dividend payout of 60 kobo  per share to its shareholders for the year ended 31 December 2023.

This is a 20 per cent increase from last year’s dividend, which was 50 kobo.

The financial institution reported Gross Earnings of N555.83 billion for the 12 months period, up by 64.91% from N337.05 reported the previous year.

Profit after tax grew year on year by 112.85% to N99.45 billion from N46.72 billion reported in FY 2022.

Earnings per share of the Group stands at N3.11.

At the share price of N9, the P/E ratio of Fidelity Bank stands at 2.90x with earnings yield of 34.52%.

The report partly read: “The board of directors of the group, pursuant to the provisions of Section 379 of the Companies and Allied Matters Act (CAMA) 2020, proposes a final dividend of N0.60k per share (31 December 2022: N0.50k per share) for the 2023 financial year.(www.naija247news.com).


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Azonuchechi Chukwu
Azonuchechi Chukwuhttps://gravatar.com/azonuchechivchukwu
Azonuchechi Chukwu - Business Journalist at Naija247news.com Azonuchechi Chukwu is a seasoned business journalist contributing to the insightful coverage of economic and financial news at Naija247news.com. With a passion for unraveling the complexities of the business world, Azonuchechi brings a wealth of expertise and dedication to his role. As a Business Journalist, Azonuchechi specializes in providing comprehensive analyses of market trends, corporate developments, and economic indicators. His in-depth reports offer Naija247news.com readers a nuanced understanding of the forces shaping the Nigerian and global business landscapes. Azonuchechi Chukwu's commitment to journalistic excellence is evident in his ability to translate complex financial information into accessible and engaging narratives. Whether exploring stock market fluctuations, corporate strategies, or economic policies, he strives to deliver content that empowers readers with valuable insights. With an educational background in business and a keen interest in the intersection of finance and technology, Azonuchechi stays at the forefront of industry dynamics. His coverage extends beyond traditional financial reporting, encompassing the dynamic realms of fintech, entrepreneurship, and sustainable business practices. Azonuchechi Chukwu's work goes beyond the surface, aiming to foster financial literacy and awareness among Naija247news.com's audience. By demystifying economic complexities and shedding light on emerging opportunities, he plays a pivotal role in keeping readers well-informed in the fast-paced world of business. As Naija247news.com's Business Journalist, Azonuchechi Chukwu continues to make meaningful contributions to the platform's mission of delivering timely, accurate, and relevant business news to its diverse audience. His dedication to journalistic integrity and his ability to navigate the intricacies of the business realm make him an invaluable asset to the Naija247news.com team.

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