Nigeria
’s tier one lender, Access Bank Plc on Monday proposed a a final dividend of 40 kobo per share in its 2016 audited year end, and had earlier offered an interim dividend of 25 kobo totaling 65 kobo per share in the review period.
The proposed final dividend 40 kobo per share represents a dividend yield of c.6 percent based on Friday’s close price.
Access Bank said closure date has been scheduled for March 14, 2017, while payment and Annual General Meeting (AGM) date is March 29, 2017 respectively.
Key highlights of the 2016 full year report ended December 31, 2016 showsthat pretax profit of the lender appreciated 20 percent to N90.3 billion from N75.4 billion recorded in the 2015 end.
Also, Access Bank said its post-tax profit in the review period climbed up 9.23 percent to N90.3 billion from N75.0 billion posted a year ago.
Gross earnings of the lender increased from N337.4 billion in 2015 end to N381.3 billion in the review period of 2016; indicating a rise in gross earnings of 13.05 percent, Access Banksaid in a filing with the Nigerian Stock Exchange (NSE).
