By InvestAdvocate

Lagos (INVESTADVOCATE)-Fidelity Bank Plc said on Wednesday its profit after tax (PAT) for the period ended December 31, 2015 grew marginally by 0.78 percent to N13.90 billion from N13.79 billion recorded a year ago.

Profit before tax (PBT) of the Bank dropped 9.61 percent to N14.02 billion from N15.51 billion posted in the corresponding period of 2014.

Gross earnings of Fidelity Bank appreciated 7.93 percent to N146.89 billion from N136.09 billion recorded in 2014 end, the lender said in a filing with the Nigerian Stock Exchange (NSE).

The board of directors of the Bank its offering investors 16 kobo per share dividend for the period ended December 31, 2016.

The Bank says qualification date is April 15, 2016 and the 16 kobo dividend is payable to shareholders whose names appear on the Bank’s register as at the close of business on April 18 to April 22, 2016, while Annual General Meeting (AGM) and payment date is May 5, 2016 respectively.

At the close of today’s trading on the Nigerian bourse, share price of Fidelity Bank dropped 4.35 percent to N1.32 from N1.38 traded the previous session; losing 0.06 kobo per share.

The lender said the 16 kobo per ordinary share of 50 kobo each amounts to N4.6 billion and it’s subject to Withholding Tax at the appropriate tax rate, which will be deducted before payment.

Click here to download Fidelity Bank Plc Annual Report and Financial Statements December 31, 2015