Wema Bank Plc has announced that it will commence payment of its approved 2024 final dividend to shareholders on May 22, 2025, with disbursements to be made exclusively via electronic channels.
In a corporate disclosure filed with the Nigerian Exchange Limited (NGX) and signed by Company Secretary Johnson Lebile, the bank stated that a final dividend of N1.00 per ordinary share of 50 kobo each, subject to applicable withholding tax and shareholder approval, will be paid to qualified shareholders.
According to the statement, shareholders whose names appear in the Register of Members as of the close of business on May 1, 2025, and who have duly completed the e-dividend registration process, will receive their payments directly into their bank accounts on the scheduled date.
The register of shareholders will be closed from May 2 to May 7, 2025, to facilitate the dividend process.
Wema Bank urged shareholders who are yet to complete their e-dividend mandate forms to do so through their respective banks or via the bank’s registrar, Greenwich Registrars & Data Solutions Limited, to ensure seamless receipt of current and future dividend payments.
The move to digital-only disbursement is in line with Wema Bank’s broader digital transformation strategy, anchored on service efficiency and technological innovation. As Nigeria’s pioneer digital bank through its flagship ALAT platform, the bank continues to advance fintech-driven solutions that enhance stakeholder value.
The dividend announcement follows Wema Bank’s recently released 2024 full-year financial results, which revealed strong earnings and a healthy capital base. The N1.00 dividend per share represents a 100% increase from the previous year’s payout, underscoring the bank’s commitment to rewarding shareholders.
With a total dividend value of N21.43 billion, the bank signals robust performance and a strategic focus on long-term value creation.
