Shareholders of Fidelity Bank Plc have approved the payment of a total dividend of N3.2 billion declared by the board of directors for the financial year ended December 31, 2018.
The dividend translates to 11 kobo per shares.
President of the Nigerian Shareholders’ Solidarity Association, Timothy Adesiyan, says the bank has maintained steady growth in spite of challenging environment.
The Managing Director of Fidelity Bank Plc, Nnamdi Okonkwo, assured investors of consistent and enhanced dividend in the future.
Speaking at a meeting, Patrick Ajudua, National Chairman, New Dimension Shareholders Association, commended the board and management for maintaining dividend policy.
Ajudua, however, expressed the need for payment of higher dividend by the bank in the years ahead.He also urged the board to adopt strategies that would enable them to sustain growth and profitability in the industry.
Related posts:
AfDB shareholders approve $115 capital increase
Fidelity bank makes 50% provision on operator’s loan
NEXIM, Fidelity bank, Sapphital partner on enhancing digital learning platform
First Bank Shareholders Protest Alleged Attempt To Stop AGM
Canadian legislators vote to approve $18.8 billion stimulus bill for coronavirus aid
Israel govt to approve thousands of building permits in West Bank
AC Milan’s overall deal with Chinese investors worth 1 billion euros – CEO designate
Wells Fargo to pay $3 billion to investors to resolve probes into fake accounts
