Shareholders of Fidelity Bank Plc have approved the payment of a total dividend of N3.2 billion declared by the board of directors for the financial year ended December 31, 2018.
The dividend translates to 11 kobo per shares.
President of the Nigerian Shareholders’ Solidarity Association, Timothy Adesiyan, says the bank has maintained steady growth in spite of challenging environment.
The Managing Director of Fidelity Bank Plc, Nnamdi Okonkwo, assured investors of consistent and enhanced dividend in the future.
Speaking at a meeting, Patrick Ajudua, National Chairman, New Dimension Shareholders Association, commended the board and management for maintaining dividend policy.
Ajudua, however, expressed the need for payment of higher dividend by the bank in the years ahead.He also urged the board to adopt strategies that would enable them to sustain growth and profitability in the industry.