By Peter OBIORA InvestAdvocate
Lagos (INVESTADVOCATE)-Nigeria’s tier one lender, Diamond Bank Plc said on Friday it has proposed a dividend of 10 kobo per share to investors for the financial year ended December 31, 2014 compared to 30 kobo paid a year earlier, indicating a decline of 67 percent.
The lender says April 15 is qualification date for those to benefit from the 10 kobo per share dividend payout; while April 16th to 17th is closure date of register of members.
Diamond Bank however said the payment date has been scheduled for May 04, 2015.
The bank’s financial year ended December 31, 2014 shows that profit for the year depreciated 10.72 percent to N25.485 billion from N28.544 billion, according to a filing with the Nigerian Stock Exchange (NSE).
Profit before tax (PBT) declined by 11.20 percent from N32.079 billion recorded in 2013 to N28.101 billion the previous year.
While interest and similar income increased from N143.13 billion in 2013 to N161.13billion in the review period 2014 ; representing an increase of 12.57 percent.
At the close of business on the Nigerian bourse share price of Diamond Bank gained 0.18 kobo increasing 4.50 percent as it opened N4.00 and closed N4.18.
