Ecobank Declares N52.8 Billion Dividend for 2023

Ecobank Transnational Incorporated announced a final dividend of approximately N52.8 billion, equivalent to 0.16 US cents per share, marking its first dividend declaration for the 2023 financial year. This payout, subject to withholding tax and shareholder approval at the upcoming annual general meeting on June 3, 2026, translates to about N2.15 per share.

The eligible shareholder base consists of 24,592,619,000 ordinary shares registered as of June 12, 2026, with electronic payments scheduled for June 30, 2026. The dividend represents a payout ratio of 5.84% and a dividend yield of 3.5%, based on the company's current share price of N61.20.

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