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Ecobank Ghana Declares Final Dividend of GHS 0.34 Per Share for 2024

5 months ago
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Ecobank Ghana Declares Final Dividend of GHS 0.34 Per Share for 2024

Ecobank Ghana PLC has announced a final dividend of GHS 0.34 per share for the 2024 financial year, underscoring the bank’s solid performance and commitment to shareholder returns.

The proposed dividend, subject to shareholder approval at the upcoming Annual General Meeting, reflects management’s confidence in the bank’s earnings resilience and capital position. The payout aligns with the financial sector’s move to balance shareholder returns with regulatory capital requirements following the Domestic Debt Exchange Programme.

In a notice issued on May 19, 2025, through GCB Registrars, Ecobank stated that shareholders recorded in the company’s books at the close of business on Friday, June 13, 2025, will qualify for the final dividend.

The ex-dividend date has been set for Wednesday, June 11, 2025, meaning that only investors who purchase shares before this date will be eligible to receive the payout.

The Register of Shareholders will be closed from Monday, June 16 to Tuesday, June 17, 2025, to facilitate the processing of dividend entitlements. Payment of the dividend is scheduled for Friday, June 27, 2025.

Ecobank’s dividend declaration adds to a growing list of positive signals in Ghana’s banking sector, where several institutions have resumed or increased dividend payments in 2025, following a period of suspension during the most turbulent phases of the post-DDEP recovery.

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Analysts view this as indicative of restored profitability and stabilising balance sheets, albeit with continued regulatory oversight on capital adequacy and risk exposure.

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