Fidelity Bank has consistently paid dividends in the last 13 years, even in the most turbulent time in the Nigerian banking industry. In the last 5 years, dividends have moved within the band of + or – 20.0% of 17.5 Kobo per share.
The Bank’s composite risk rating is sound and does not preclude it from paying more than 30% of its net profit. Currently, Fidelity Bank’s guidance for dividend payment is between 30 % and 50% of annual net profit.
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