Home Business Fidelity Bank Records N13.9bn Profit in 2015, Offers N4.6bn Dividend to Investors

Fidelity Bank Records N13.9bn Profit in 2015, Offers N4.6bn Dividend to Investors

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Fidelity Bank Plc said its Profit After Tax (PAT) for the period ended December 31, 2015 grew marginally by 0.78 percent to N13.90 billion from N13.79 billion recorded a year ago.
Profit Before Tax (PBT) of the Bank dropped 9.61 percent to N14.02 billion from N15.51 billion posted in the corresponding period of 2014.
Gross earnings of Fidelity Bank appreciated 7.93 percent to N146.89 billion from N136.09 billion recorded in 2014 end, the lender said in a filing with the Nigerian Stock Exchange (NSE).
The board of directors of the Bank is offering investors 16 kobo per share dividend for the period ended December 31, 2016.
The Bank says qualification date is April 15, 2016 and the 16 kobo dividend is payable to shareholders whose names appear on the Bank’s register as at the close of business on April 18 to April 22, 2016, while Annual General Meeting (AGM) and payment date is May 5, 2016 respectively.
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