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GTBank Approves N79.464 billion Final Dividend for 2020 Financial Year

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Shareholders of Guaranty Trust Bank Plc, a leading financial institution in Nigeria, have approved the payment of N79,464,186,000 as the final dividend from the N201.4 billion profit after tax recorded for the financial year ended December 31, 2020.

At the bank’s thirty-first Annual General Meeting held on Friday, April 9, 2021 at the Oriental Hotel in Victoria Island in Lagos, shareholders received and passed final dividend of N2.70k per 50 ordinary share for the 2020 financial year. Bringing the total dividend paid to shareholders for the 2020 financial year to N3.00k per ordinary share of 50 kobo each.

In the year under review, the leading financial institution realised N253.668 billion net interest income in the year under review, up from N231.363 billion achieved in 2019.

Commenting on 2020 financial year, Segun Agbaje, the Managing Director and Chief Executive Officer, GTBank, said “2020 was arguably the most challenging year that the world has faced in decades. In such unprecedented times, we sought to live out the full extent of our values; safeguarding lives and livelihoods for our people, our customers and across the communities where we operate.”

“We were on solid footing going into 2020; the strength, scale and liquidity of our balance sheet, coupled with the quality of our past decisions and the efficacy of our digital-first customer-centric strategy gave us the resilience and flexibility to navigate the economic shocks and market volatility that dominated the year.”

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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Dividends

Dividends Announced in the Week Ended 10 September 2021

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Dividend - Investors King

Stanbic IBTC Holdings Plc, United Bank for Africa Plc and the Guaranty Trust Holding Company Plc are the three listed companies that announced dividend for the period ended June 30, 2021 last week.

STANBIC IBTC HOLDINGS PLC
Proposed Dividend: ₦1.00
Proposed Bonus: null FOR null
Qualification Date: 9/20/2021
AGM Date:
Payment Date: 9/29/2021
Closure of Register Date: 9/21/2021

UNITED BANK FOR AFRICA PLC
Proposed Dividend: ₦0.20
Proposed Bonus: null FOR null
Qualification Date: 9/23/2021
AGM Date:
Payment Date: 9/30/2021

GUARANTY TRUST HOLDING COMPANY PLC
Proposed Dividend: ₦0.30
Proposed Bonus: null FOR null
Qualification Date: 9/27/2021
AGM Date:
Payment Date: 10/12/2021

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Zenith Bank to Pay N9.42 Billion in Interim Dividend Following N117 Billion PBT in H1 2021

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Dividend - Investors King

Nigeria’s leading financial institution, Zenith Bank has proposed to pay an interim dividend of N9.42 billion for the period ended June 30, 2021 after reporting a N117 billion profit before tax for the period.

Zenith Bank proposed to pay an interim dividend of N0.30k for every share of 50k to shareholders whose names appear in the Register of Members as at the close of business on the 10th day of September, 2021. The lender will pay 30k per each of its outstanding share of 31,396,493,786, translating to N9.42 billion.

This was contained in a statement released by the bank and signed by Michael Osilama Otu, Company Secretary and General Counsel, Zenith Bank Plc.

The register of shareholders will be closed today, September 13, 2021 to enable registrars prepare for payment of dividend. September 10, 2021 was qualification date.

The bank said dividends will be paid electronically to shareholders whose names appear on the Register of Members as at September 10, 2021 and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their bank accounts. GDR holders will be paid after this date.

However, shareholders who are yet to complete the e-dividend registration are advised to download the Registrar’s e-dividend mandate activation form, which is also available on the website of the Registrars: www.veritasregistrars.com, complete and submit to the Registrar or their respective Banks.

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Access Bank Announces to Pay N10.7 Billion in Interim Dividend After Posting N86.9 Billion in Profit in H1 2021

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Dividend - Investors King

The Board of Directors of Access Bank Plc has announced plans to pay an interim dividend of N10,663,567,686.6 to shareholders of the bank following a strong first half (H1) of 2021 financial results.

Access Bank will pay an interim dividend of 30 kobo for every share of 50 kobo held by shareholders whose names appear in the Register of Members as at the close of business on Thursday, 16th of September 2021.

This was disclosed in a statement signed by Sunday Ekwochi, Company Secretary, Access Bank Plc.

The 30 kobo translated to N10,663,567,686.6 given the bank’s outstanding shares of 35,545,225,622.

According to the lender, the Register of Shareholders will be closed on Friday, 17th of September, 2021.

While dividends will be paid electronically to shareholders whose names appear on the Register of Members as at Thursday 16th of September, 2021 on Wednesday September 29, 2021. These members would have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their bank accounts.

However, shareholders who are yet to complete the e-dividend registration are advised to download the Registrar’s E-Dividend Mandate Activation Form.

Access Bank recorded an astonishing N86.9 billion profit after tax in the first half of 2021, representing an increase of 42.43 percent when compared to the same period of 2020.

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