Capital

Fidelity Bank Offers Investors N0.11 Kobo Final Dividend * Report Profit of N22.93 Billion FY18

BY NKECHI NAECHE––Nigeria’s top tier lender, Fidelity Bank Plc on Friday  offered investors  a final dividend of N0.11 kobo per share for the period ended December 31, 2018 same amount paid in 2017.

This is contained in a notice to Nigerian Stock Exchange ( NSE) that this is representing  N3.186 billion as final dividend for the full year ended December 31, 2018.

The lender added that the dividend which is subject to withholding tax will be paid to shareholders whose names appears on the register of members at the close of business on April 12, 2019.

The notice further indicate that the bank’s Profit before tax (PBT) rose to N25.08 billion from N19.21 billion posted in 2017; representing 30.6 percent increase while profit after tax (PAT) grew by 29 percent to N22.93 billion for the period ended December 31, 2018 when compared to N17.77 billion recorded in 2017.

Gross earnings was not left out as it appreciated 4.8 percent to N188.87 billion from N180.24 billion declared in 2017 financial year end.

 

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