Comments on: FBN Holdings Plc declares 40 kobo dividend per share for FY 2023

By: Ohaegbu Augustine

Ohaegbu Augustine — Sat, 01 Jun 2024 08:57:16 +0000

FBN,FBN,FBN why are thou punishing shareholders by taking away their Holdings & giving them only FBN.This is a case of executive clear robbery p/s are u unknown gunmen?. What’s 40kobo & were are the rest of the profit?

By: Abdullahi

Abdullahi — Tue, 28 May 2024 06:03:41 +0000

This is not even up to interim devidend declared by some of its peers

By: Owolabi Adeyemi

Owolabi Adeyemi — Mon, 27 May 2024 16:20:54 +0000

We thought the issue of backwardness ended with the suzerainty of the Board headed by Oba Otudeko. For more than ten years FBN could not pay dividends beyond 40kobo in the same market that GT, Zenith , UBA and Access pay interim of 50kobo. In a year the Bank is proposing to come to the market to source for funds, the Board is not forward looking and proactive at all. What their 40kobo dividend translates to is that FBN is just 10% of the potential that is of Zenith. The dividend yield is unconvincing and a disincentive to discerning and prospective investors.

By: Ologun ogidan

Ologun ogidan — Mon, 27 May 2024 14:55:51 +0000

First bank should not be reducing dividend in a year they want to approach the public for funds. Surely, this result is a red flag for it’s planned capital raise.