The founder and chairman of Zenith Bank, Jim Ovia, will receive a ₦25.4 billion dividend payout for the 2024 financial year, following the bank’s record earnings.
The payout, set for April 15, 2025, comes as Zenith Bank’s profit after tax surged by 52.5% to ₦1.03 trillion, up from ₦676.9 billion the previous year.
According to Zenith Bank’s financial statements for the year ended December 31, 2024, the Board of Directors has proposed a final dividend of ₦4.00 per share. Combined with the ₦1.00 interim dividend, this brings the total dividend to ₦5.00 per share.