SHAREHOLDERS of Oceanic Bank International Plc. are in for a very good deal as the bank’s management has concluded arrangements to pay an interim dividend worth over N21 billion, this year to all its shareholders.

With over 400,000 shareholders, the bank said it would effectively enrich the pockets of its shareholders through bumper dividend payout, bonus issue and capital appreciation. Source within the bank said “the bank will pay interim dividend to all the shareholders this financial year.

The Managing Director said the bank would make shareholders millionaires and this would be done through bumper returns on investments.” A review of the bank’s history of dividend payment indicated that the bank has paid N21.17 billion dividends in the last five years. While N900 million was paid as dividend in 2003, N1.5 billion was paid in 2004, N2.99 billion in 2005, N3.91 billion in 2006 and N11.88 billion in 2007.

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