Wema Bank has announced a final dividend of N1.25 per ordinary share, subject to withholding tax and shareholder approval at its upcoming Annual General Meeting. The declaration places the total dividend payout at N50.14 billion for the period ended December 31, 2025.

Shareholders on record as of April 29, 2026, will receive payment electronically on May 20, 2026, provided they have completed e-dividend registration.

The payout marks an improvement from the N1.00 final dividend for the 2024 financial year, representing a 25% growth in shareholder returns.

Based on its 40,118,877,414 outstanding units, Wema Bank’s final dividend translates to a N50.14 billion payout for 2025, reflecting its earnings base and capacity to return value to shareholders.

For the 2025 financial year, the company reported retained earnings of N215 billion, a notable increase from N103.2 billion recorded in the 2024 financial year.

A simple valuation puts the N1.25 dividend at a yield of about 4.4%, based on a closing price of N28.10 as of April 21, 2026.

It also reflects a payout ratio of 25.8%, based on the net profit of N194.4 billion after a tax expense of N27.4 billion was deducted from profit before tax.

Wema Bank reported profit before tax of N221.8 billion in its audited 2025 results, slightly below the unaudited figure of N222 billion previously disclosed.

The audited performance represents an 116.44% increase from N102.5 billion in 2024, driven mainly by strong growth in interest income across core earning assets.