The earnings season is here again as half-year results of public quoted companies pour in, While few have performed so poorly (especially players in the consumer goods sector) and declared losses in their operations, some earned and returned value to investors.
Some have also gone a step further by declaring an interim dividend for their shareholders to smile home.
An interim dividend is a dividend payment made before a company’s annual general meeting and the release of final financial statements.
Here we take a look at what billionaires in the banking sector of the stock market would earn as interim dividend.
1. Jim Ovia
Tier-1 bank, Zenith Bank has declared an interim dividend of 30k, payable to shareholders whose names appear in the register of members as at the close of business by 29th August 2019. Jim Ovia, chairman of the tier-1 bank directly owns 3.54bn units of shares and an indirect stake of 1.5bn units of shares. He earns N1.06bn as a result of his direct stake in the bank and N453.9mn from his indirect stake in the bank.
2. Tony Elumelu
United Bank for Africa (UBA) has declared an interim dividend of 20k for every ordinary share of 50 kobo. This will be paid to shareholders whose names appear in the Register of Members as at the close of business on Thursday, September 12, 2019.
Tony Elumelu, chairman UBA has 189mn direct holding and 2.1bn indirect holding in the tier-1 bank. He earns N37.9m by his direct stake and N422.8mn from his indirect holding.
3. Ifeoma Esiri
Stanbic IBTC declared an interim dividend of N1.00 per ordinary share of 50 kobo each paid to shareholders whose names appear in the Register of Members as at the close of business on Wednesday 04 September 2019.
Ifeoma Esiri is a non-executive director at Stanbic IBTC she has a direct holding of 36.34m units of shares and an indirect shareholding of 2.66mn ordinary shares through Ashbert Limited.
She earns N36.34mn as interim dividend form her direct holding and N2.6mn from her indirect holding.
4. Segun Agbaje
Guaranty Trust Bank declared an interim dividend of 30k per ordinary shares of 50k and would be paid to shareholders whose name appear in the register of members as at Monday, September 2.
Segun Agbaje, CEO, GTBank has a direct stake totaling 32.14mn while his indirect shareholding is 9.48mn.
He earns N9.64mn as dividend from his direct shareholding and N2.84mn from his indirect stake in the bank
