Zenith Bank Dividend
Dividend criteria checks 5/6
Zenith Bank is a dividend paying company with a current yield of 11.3% that is well covered by earnings. Next payment date is on 8th May, 2024 with an ex-dividend date of 26th April, 2024.
Key information
11.3%
Dividend yield
19%
Payout ratio
| Industry average yield | 8.0% |
| Next dividend pay date | 08 May 24 |
| Ex dividend date | 26 Apr 24 |
| Dividend per share | n/a |
| Earnings per share | ₦21.55 |
| Dividend yield forecast in 3Y | 25.4% |
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: ZENITHBANK's dividend payments have been volatile in the past 10 years.
Growing Dividend: ZENITHBANK's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Zenith Bank Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (ZENITHBANK) | 11.3% |
| Market Bottom 25% (NG) | 2.1% |
| Market Top 25% (NG) | 7.1% |
| Industry Average (Banks) | 8.0% |
| Analyst forecast in 3 Years (ZENITHBANK) | 25.4% |
Notable Dividend: ZENITHBANK's dividend (11.3%) is higher than the bottom 25% of dividend payers in the NG market (2.11%).
High Dividend: ZENITHBANK's dividend (11.3%) is in the top 25% of dividend payers in the NG market (7.09%)
Current Payout to Shareholders
Earnings Coverage: With its low payout ratio (18.6%), ZENITHBANK's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ZENITHBANK's dividends in 3 years are forecast to be well covered by earnings (38.8% payout ratio).