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Zenith Bank Shareholders Foresee Greater Returns With Holdco Structure

Zenith Bank AGM

By Aduragbemi Omiyale The holding company (Holdco) structure being planned by Zenith Bank Plc has been applauded by shareholders, who opined that it would result in greater returns. The Zenith Bank shareholders gave this submission at the company’s Annual General Meeting (AGM) held in Lagos on Wednesday, May 8, 2024. At the gathering, the bank’s investors approved the proposed final dividend payment of N3.50 per share, bringing the total dividend for the 2023 financial year to N4.00 per share, with a total value of N125.59 billion, the highest dividend payout by any bank. Speaking on the cash reward to shareholders,

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