By Aduragbemi Omiyale
Shareholders of Fidelity Bank Plc will on Friday, October 25, 2024, receive an interim dividend of 85 Kobo per share for the first half of the year.
The bank disclosed this after it released its half-year earnings for the period ended June 30, 2024, to the Nigerian Exchange (NGX) Limited over the weekend.
In a notice last Friday, the lender said the qualification date for the cash reward for the first six months of this year is October 17, 2024, with the register of members to be closed the next day.
To be part of the bounty, Fidelity Bank has advised shareholders who have yet to complete their e-dividend registration to download the registrar’s e-dividend mandate activation form on its website.
“Shareholders with dividend warrants and share certificates that have remained unclaimed or have yet to be presented for payment or returned for validation are advised to complete the e-dividend registration form or contact the registrar,” the company stated.
A quick look into the performance of the firm between January and June 2024 showed that its gross earnings increased to N512.9 billion from the N247.1 billion recorded in the same period of 2023.
Fidelity Bank also stated that its net interest income grew to N326.4 billion from the N107.8 billion recorded in the corresponding period of last year.
In the same vein, the pre-tax profit went up to N200.9 billion from N76.3 billion, and the post-tax profit settled at N159.8 billion versus the N62.0 billion achieved in the first half of last year.
On a year-to-date basis, deposits from customers improved as it closed on June 30, 2024, at N5.4 trillion compared with N4.0 trillion it ended on December 31, 2023, with loans and advances to customers at N3.8 trillion versus N3.1 trillion in December 2023.