The shareholders of Fidelity Bank Plc have endorsed the payment of a cash dividend of 22 kobo per share to all shareholders whose names appear in the register of members at the close of business on April 16, 2021. The bank, in a statement titled ‘Fidelity Bank approves 22 kobo dividend per share for FY2020’ on Saturday, said this translated to a dividend yield of 9.2 per cent. The Chief Executive Officer, Fidelity Bank, Mrs Nneka Onyeali-Ikpe, said the bank’s financial performance for the period reflected the resilience of its business model in a challenging operating environment. Onyeali-Ikpe revealed that local currency deposits grew by 49.6 per cent to N1.4tn and constituted 82.5 per cent of total customer deposits. According to her, foreign currency deposits grew by 3.3 per cent to N298.2bn and now accounts for 17.5 per cent of total deposits.

Source: Punch May 02, 2021 23:15 UTC