Ecobank Declares N51 Billion Dividend for 2023

Ecobank Transnational Incorporated announced a final dividend of N51 billion, equivalent to 0.16 US cents per share, marking its first dividend declaration since 2023. This payout is subject to withholding tax and shareholder approval at the upcoming annual general meeting scheduled for June 3, 2026.

Eligible shareholders, whose names appear on the company's register as of June 12, 2026, will receive electronic payments on June 30, 2026. The dividend translates to approximately N2.15 per share, reflecting a payout ratio of 5.61% and a dividend yield of 3.9% based on the current share price of N55.65.

For the financial year 2025, Ecobank reported a significant increase in retained earnings, rising to N2.5 trillion from N1.7 trillion, contributing to total equity growth to N4.1 trillion. The bank's net profit reached N914 billion, a 23% increase compared to N742 billion in the previous financial year, driven by strong growth in both interest and non-interest income streams.