Stanbic IBTC Holdings Declare 40k Per Ordinary Share of 50 Kobo Each

Stanbic IBTC has announced it will pay a total sum of N4,201,986,943.20 as a dividend for the quarter ended June 30, 2020.

The bank, which posted a profit after tax of N45.2 billion in the second quarter of 2020, declared an interim dividend of 40 kobo per ordinary share of 50 kobo each.

In the statement released through the Nigerian Stock Exchange (NSE), the lender said only shareholders whose names appear in the Register of Members as at the close of business on Tuesday 15, September 2020 will be paid.

On the closure of the register, the bank said the Register of Shareholders will be closed from Wednesday 16 September 2020 to Wednesday 23 September 2020.

The bank said, “On Wednesday 30 September 2020, dividends will be paid electronically to shareholders whose names appear on the Register of Members as at close of Trading on Tuesday 15 September 2020, and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.”

Shareholders are, therefore, advised to “complete the e-dividend registration are advised to download the Registrar’s E-Dividend Mandate Activation Form, which is also available on our Registrars website:
https://firstregistrarsnigeria.com/download-forms/, complete and submit to
the Registrar or their respective Banks.”

Unclaimed dividend warrants and share certificates, the bank said “Shareholders with dividend warrants and share certificates that have remained unclaimed or are yet to be presented for payment or returned for validation are advised to complete the e-dividend registration or contact  the Registrars.”