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Access Bank shareholders okay N19.55bn dividend
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By Peter Egwuatu
The shareholders of Access Bank Plc have unanimously endorsed the N19.55 billion, representing 80 kobo per share final dividend proposed by its board of directors for the financial year ended December 31, 2020.
The shareholders at the Annual General Meeting, AGM, held last weekend in Lagos, streamed live, commended the bank for its performance despite the impact of coronavirus, COVID-19, pandemic.
Reflecting on the bank’s performance, Sir Sunny Nwosu, leader of the Independent Shareholders Association of Nigeria, who represented the shareholders’ group said: “Given the expansion drive, the bank is really aiming to play a leading role on the African continent. That is a good development that leads to better returns to shareholders and other stakeholders going forward.’’
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Views: Visits 12 By Peter Egwuatu The shareholders of Access Bank Plc have unanimously endorsed the N19.55 billion, representing 80 kobo per share final dividend proposed by its board of directors for the financial year ended December 31, 2020. The shareholders at the Annual General Meeting, AGM, held last weekend in Lagos, streamed live, commended the bank for its performance despite the impact of coronavirus, COVID-19, pandemic. Reflecting on the bank’s performance, Sir Sunny Nwosu, leader of the Independent Shareholders Association of Nigeria, who represented the shareholders’ group said: “Given the expansion drive, the bank is really aiming to play a leading role on the African continent. That is a good development that leads to better returns to shareholders and other stakeholders going forward.’’
Goddy Egene
Better days are ahead for shareholders of Access Bank Plc as the Chief Executive Officer, Mr. Herbert Wigwe, has assured them of sustained healthy dividend payout.
Speaking at the annual general meeting (AGM) in Lagos last Friday, Wigwe said Access Bank has healthy capital adequacy ratio, a robust balance sheet and strong brand that would lead to a better performance and the delivery of higher dividend.
Access Bank recorded a profit after tax of N106 billion in 2020, up by 13 per cent from N94 billion in 2019 and recommended a final dividend of 55 kobo per share for the year ended December 31, 2020 to bring the total dividend to 80 kobo having paid an interim dividend of 25 kobo earlier.
By Itohan Abara-Laserian
Lagos, April 30, 2021 Access Bank Plc has assured shareholders of sustained dividend payout and improved performance in the years ahead.
Mr Herbert Wigwe, Chief Executive Officer of the bank, gave the assurance while addressing shareholders at the 2020 Annual General Meeting (AGM), on Friday, in Lagos.
Wigwe said that the bank was well positioned to achieve significant growth in profitability and pay higher dividend given its position in the banking industry today.
He said that Access Bank had a healthy capital adequacy ratio, a robust balance sheet and strong brand that would lead to a better performance in the years ahead.