Ecobank breaks five-year dividend drought
Ecobank breaks five-year dividend drought
Shareholders of Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, yesterday approved the payment of a dividend per share of $0.16 cents, the first dividend payment since 2016.
The leading pan-African bank with operations across 33 African countries held its 34th Annual General Meeting (AGM) yesterday in Abidjan, Côte d’ Ivoire.
Chairman, Ecobank Group, Alain Nkontchou said 2021 was a transformational year for the group, thus the decision of the board to reward shareholders with a dividend for the first time since 2016.