Access Bank will pay a total dividend of N35 billion to its shareholders.

According to a notice to the Nigerian Exchange Limited, Access Bank Plc will pay a total dividend of N35. 545 billion to shareholders in the 2021 financial year, translating to N1 for every 50 kobo share.

After paying an interim dividend of N0.30, Access Bank will now pay a final dividend of N.70 per share.

The bank will pay a total dividend of N30.25 billion in 2020, while it will pay a final dividend of N14.22 billion in 2019, equating to 40k per share.

In 2021, the financial institution made N972 billion in revenue, up 51% from the previous year.

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Dividends are subject to withholding tax, which must be paid to shareholders whose names appear in the register of members on April 19.

According to the notice, the shareholder register will close on April 20.

Dividends will be paid electronically to shareholders who completed the e-dividend registration process and instructed the registrar to pay their dividend on April 28.

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“Shareholders who have not yet completed their e-dividend registration should download the Registrar’s E-Dividend Mandate Activation Form,” it stated.

“Shareholders with unclaimed dividend warrants and share certificates should complete the e-dividend Certificates registration or contact the Registrar if the dividend warrants and share certificates have not been presented for payment Warrants and Share or returned for validation.”