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Nairaland Forum / Nairaland / General / Business / The 10 Bank Directors That Have Earned The Highest Dividends In 2016 - PIC (30933 Views)
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The 10 Bank Directors That Have Earned The Highest Dividends In 2016 - PIC by Sunnynwa: 2:37pm On Apr 24, 2017 |
Given the woeful performance of the economy in 2016, several industry experts were expecting similarly woeful results for banks and losses for investors. The reverse seems to be the case as analysis from Financial Vanguard on the 2016 results so far released, show a 13% rise in total dividend income from N143.3 billion in 2015 to N162 billion. The analysis further showed that bank directors held 10.15 billion shares representing 5.5% of the banks’ total 184.8 billion shares. Whilst shareholders are happy to have avoided a drop in dividend income, bank directors have every reason to be more grateful. A look at the table below reveals why. From above, it appears, Jim Ovia, the Chairman and Founder of Zenith Bank earned the most from the dividend windfall. At N5.9 billion, his dividend earnings top that of any other bank director on the list analysed by Vanguard. The Bank directors on the list in total received N10.1 billion. In Nigeria, dividend is taxed at 10% flat suggesting the government would have made about N16.2 billion in withholding taxes. A massive drop in the value of shares of most quoted companies in Nigeria has made dividend payment an alternative and attractive income to most investors. Dividend yields for banks have averaged 8% this year, higher than the 5% typically posted by most Nigerian banks. Despite been less that the 17% obtainable from less risky investments like Treasury Bills, investors who have seen the value of their stocks severely impaired, will be happy to accept dividends, let alone one that suggest a higher yield. For the bank directors, their goals are somewhat different. Dividend payments is just one of the minor reasons for retaining controlling shares in businesses. http://nairametrics.com/the-10-bank-directors-that-have-earned-the-highest-dividends-in-2016-so-far/?utm_source=&utm_medium=twitter
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Re: The 10 Bank Directors That Have Earned The Highest Dividends In 2016 - PIC by frankzone: 2:42pm On Apr 24, 2017 |
Mouthwatering! 1 Like |
Re: The 10 Bank Directors That Have Earned The Highest Dividends In 2016 - PIC by SalamRushdie: 2:46pm On Apr 24, 2017 |
Jim is balling ..better passive income 7 Likes |
Re: The 10 Bank Directors That Have Earned The Highest Dividends In 2016 - PIC by Ralphlauren(m): 3:31pm On Apr 24, 2017 |
This is why I love the financial services sector. 1 Like 1 Share |
Re: The 10 Bank Directors That Have Earned The Highest Dividends In 2016 - PIC by Nobody: 3:31pm On Apr 24, 2017 |
And you guys are here fighting yourselves on Nairaland The real Nigerian (igbos or Hausas or Yoruba) do not want Nigeria divided because they are enjoying Nigeria, only the jobless miscreants on Nairaland does 89 Likes 5 Shares |
Re: The 10 Bank Directors That Have Earned The Highest Dividends In 2016 - PIC by Nobody: 3:31pm On Apr 24, 2017 |
Access must dey among 3 Likes |
Re: The 10 Bank Directors That Have Earned The Highest Dividends In 2016 - PIC by nony43(m): 3:32pm On Apr 24, 2017 |
Look at the list mainly the so called 5%, Yet that Daura President won't see any good in them 15 Likes |
Re: The 10 Bank Directors That Have Earned The Highest Dividends In 2016 - PIC by Mc4larin: 3:32pm On Apr 24, 2017 |
ok |
Re: The 10 Bank Directors That Have Earned The Highest Dividends In 2016 - PIC by chibexin(m): 3:32pm On Apr 24, 2017 |
Too much money good oo 1 Like |
Re: The 10 Bank Directors That Have Earned The Highest Dividends In 2016 - PIC by ednut1(m): 3:32pm On Apr 24, 2017 |
how about PMB make AMCON return all the bad loans they bought off dem ehn with tax payers money. Buth thunder will fire Zenith bank o, pays entry level 75k for 3 years on contract basis. wicked pple 3 Likes 1 Share |
Re: The 10 Bank Directors That Have Earned The Highest Dividends In 2016 - PIC by abbaapple: 3:33pm On Apr 24, 2017 |
My name will be dere soonest! 3 Likes |
Re: The 10 Bank Directors That Have Earned The Highest Dividends In 2016 - PIC by Mc4larin: 3:33pm On Apr 24, 2017 |
Ralphlauren: Awuf money plenty die for that sector!!! 1 Like 1 Share |
Re: The 10 Bank Directors That Have Earned The Highest Dividends In 2016 - PIC by obbax(m): 3:33pm On Apr 24, 2017 |
chop clean mouth [color=#000099][/color] |
Re: The 10 Bank Directors That Have Earned The Highest Dividends In 2016 - PIC by Nobody: 3:33pm On Apr 24, 2017 |
First Bank nko? 3 Likes |
Re: The 10 Bank Directors That Have Earned The Highest Dividends In 2016 - PIC by BaesDiary: 3:33pm On Apr 24, 2017 |
Dear lord, Please pick my calls too..... 2 Likes 1 Share |
Re: The 10 Bank Directors That Have Earned The Highest Dividends In 2016 - PIC by snipesdam(m): 3:33pm On Apr 24, 2017 |
WOW! |
Re: The 10 Bank Directors That Have Earned The Highest Dividends In 2016 - PIC by Ralphlauren(m): 3:33pm On Apr 24, 2017 |
Re: The 10 Bank Directors That Have Earned The Highest Dividends In 2016 - PIC by Challas(m): 3:34pm On Apr 24, 2017 |
Recession is just a f*cking word. 1 Like |
Re: The 10 Bank Directors That Have Earned The Highest Dividends In 2016 - PIC by Emmaoga: 3:34pm On Apr 24, 2017 |
This kin money wey person dey only hear, I wonder where dem dey. |
Re: The 10 Bank Directors That Have Earned The Highest Dividends In 2016 - PIC by holysainbj(m): 3:36pm On Apr 24, 2017 |
Issokay |
Re: The 10 Bank Directors That Have Earned The Highest Dividends In 2016 - PIC by Nobody: 3:36pm On Apr 24, 2017 |
Jim ovia can now drive the Bugatti Chiron While yahoo boys dream about it. |
Re: The 10 Bank Directors That Have Earned The Highest Dividends In 2016 - PIC by ademusiwa3r: 3:36pm On Apr 24, 2017 |
[color=#770077][/color] |
Re: The 10 Bank Directors That Have Earned The Highest Dividends In 2016 - PIC by symbianDON(m): 3:36pm On Apr 24, 2017 |
what is the difference between these people and mavrodi now?? 6 Likes
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Re: The 10 Bank Directors That Have Earned The Highest Dividends In 2016 - PIC by Nobody: 3:37pm On Apr 24, 2017 |
afonjas wount like this thread 9 Likes 2 Shares |
Re: The 10 Bank Directors That Have Earned The Highest Dividends In 2016 - PIC by agitator: 3:40pm On Apr 24, 2017 |
ripping customers |
Re: The 10 Bank Directors That Have Earned The Highest Dividends In 2016 - PIC by Nukilia: 3:41pm On Apr 24, 2017 |
Being a scientist in Africa seems like a curse 1 Like |
Re: The 10 Bank Directors That Have Earned The Highest Dividends In 2016 - PIC by Mazeltovscotty(m): 3:41pm On Apr 24, 2017 |
Oh my God, where is my dear First bank? 1 Like |
Re: The 10 Bank Directors That Have Earned The Highest Dividends In 2016 - PIC by Teewhy2: 3:41pm On Apr 24, 2017 |
The Rich is always becoming richer while the poor becomes poor, Money is a curren(t)cy it flows either towards or against someone, it is like a river flowing through its bank if you have the currency path it flows towards you. for money to flow towards someone, the person must be financially literate. You might be academically or professionally literate and not financially literate. you need to understand the language money speaks. if you are not adding value to the amount of money with you it flows towards someone who can add value to it. Are you building on a swampy area, want to do pile foundation /Need Roof parapet. Reduce the building load by making use of polystyrene material for your roof parapet and slab. Click below to get more information https://www.nairaland.com/3726763/alternative-building-material-expanded-polystyrene 5 Likes 1 Share
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Re: The 10 Bank Directors That Have Earned The Highest Dividends In 2016 - PIC by papagiddy(m): 3:42pm On Apr 24, 2017 |
yeeeeee, when will i start my own business? this salary thing is just pure cheating honestly!!!!! 2 Likes |
Re: The 10 Bank Directors That Have Earned The Highest Dividends In 2016 - PIC by SweetJoystick(m): 3:43pm On Apr 24, 2017 |
Smh |
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