Access Bank declares 70 kobo as final dividend, grows PAT by 51.13% in FY 2021

The much anticipated audited report of Access Bank Plc for year ended 31 December 2021 has been released with a dividend declaration of 70 kobo to shareholders.

The financial giant achieved significant growth in its top line and bottom line figures for the period under review.

Gross Earnings of N971.885 billion was reported for the 12 months period, up by 27.09% from N764.717 billion reported the previous year.

Profit after tax grew year on year by 51.13% to N160.22 billion from N106.01 billion reported in 2020 year end.

Earnings per share for the period under review stands at N4.51 from the EPS of N2.98 achieved the previous year.

At the share price of N10.40, the P.E ratio of Access Bank stands at 2.31x with earnings yield of 43.34%.

The Board of Directors of Access Bank proposed Final Dividend of 70 kobo to its shareholders, this translates to increase in dividend payout by 27.27% when compared to final dividend of 55 kobo declared in FY 2020.

Source: Access Bank declares 70 kobo as final dividend, grows PAT by 51.13% in FY 2021 – StocksWatch (stocksng.com)

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