FNBB dividends payout coming

The dates are revealed

Author

Boago Sephutho
September 17, 2024

Here’s the date revealed for fnbb dividends:

Final dividend of P0.27 announced

Shareholders will receive a dividend of P0.27.Ex-date: 27th September 2024Payment date: 11th October 2024Dividend yield will be 8.7%, which is higher than the industry average of 4.8%.

Sustainability & Growth

The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time.Earnings per share has grown by 14% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.

source: simplywall.st

As you all know fnbb has been doing well and has been steadily increasing. Dividend yield is said to be 8.7% higher than the African industry average of 4.8%, while banks have an industry average of 5.1%