Ecobank proposes $40m dividend for 2021 financial year

By Anthony Nwachukwu

Ecobank Transnational Incorporated (ETI) Board of Trustees has proposed $0.16 cent per share dividend payout, totalling $40 million, for the year ended December 31, 2021.

Making the disclosure recently, the Company Secretary, Madibinet Cisse, stated: “We are pleased to inform our shareholders and the public that the Board of ETI, at its meeting of February 25, 2022, approved the Ecobank consolidated audited accounts for the year ended December 31, 2021, subject to relevant regulatory approvals.

“The board also recommended the payment of a dividend of $0.16 cents per share – a total amount of circa $40 million. The relevant resolutions will be presented for shareholders’ approval at the upcoming Annual General Meeting of ETI.”

According to him, “the details of the audited accounts will be published upon approval by relevant regulators. Consequently, the closed period which commenced from January 1, 2022, will continue until 24 hours after the audited accounts for the year ended December 31, 2021 are released to the stock exchanges on which Ecobank Transnational Incorporated is listed.”

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