The directors of Zenith Bank Plc on Tuesday announced a final dividend of N1.55 per share for the year ended December 31, 2015, following a profit after tax of N105.663 billion recorded the year. The final dividend is in addition to the N0.25 dividend already paid to bring total return for the year to N1.80 per share. Zenith Bank Plc had paid N1.75 dividend per share in the previous year. The audited results made available to stock market operators by the Nigerian Stock Exchange (NSE) yesterday showed that Zenith Bank Plc recorded gross earnings of 432.535 billion in 2015, up by 7.2 per cent in 2014. Net interest income grew by 8.8 per cent from N206.503 billion to N224.582 billion.

Based on the performance, the directors recommended a final dividend of N1.55 to shareholders. The dividend will be paid on April 6, 2016 after the approval by shareholders at the company’s annual general meeting in Lagos

The analysis of the result goes like this:
EPS. N3.96k
DPS. N1.80K (interim 0.25k, final N1.55k)
issued shares 26.7b
Price now N12.85k
Dividend yield 14%
P/E ratio. 3.24
Register closes on March 27th.

Recommendation: Extremely cheap stock. Therefore, buy.

You can contact me for other recommendations.

rusher14:
The story is that the economy has been battered yet this bank made a profit on the previous year.

That's how you know a well-managed company; it does well even when the economy recedes. Unlike some other banks giving excuses to shareholders.

Still few banks are weathering the storms with good profits.

hmmm.....
Meanwhile, I havent received any kobo as dividend from them for close to five years now.