Dividends

Guaranty Trust Holding Company Approves N82.4 Billion Dividend Payout for 2022

Published

1 year ago

May 16, 2023

GTCO Commemorates Listing on Nigerian Exchange - Investors King

Guaranty Trust Holding Company Plc has received approval from its shareholders for the audited financial statement of the bank for the year ended December 31, 2022.

The approval was granted during the institution’s second annual general meeting held on Thursday, May 11, 2023.

Shareholders have given their consent to the management’s decision to distribute a final dividend of N82.407 billion based on the company’s profit after tax for the reviewed period.

To accomplish this, the bank will pay N2.80k per 50 kobo ordinary share, resulting in a total dividend of N3.10 for the year and N91.2 billion in total payment for the year.

The dividend payment is subject to appropriate withholding tax deductions and will be exclusively disbursed to shareholders listed on the company’s register of members as of the close of business on May 1, 2023.

In its 2022 financial year, Guaranty Trust Holdings Company (GTCO) reported a profit before tax of N214.2 billion, indicating a 3.3% decrease from the N221.5 billion recorded in the previous year, ending in December 2021.

Despite the challenges faced, the group’s balance sheet has remained robust, with total assets and shareholders’ funds closing at N6.45 trillion and N931.1 billion, respectively. The Capital Adequacy Ratio (CAR) has also remained strong, closing at 24.1%.

Speaking to shareholders, the Chairman of GTCO, Mr Hezekiah Oyinlola, said. “As I reflect on 2022, I recall the challenges we faced at every turn and the prospects that became significant milestones in our journey towards creating a robust yet agile institution.

“As we look across our burgeoning GTCO universe, we take pride in the concrete outcomes of our diligent efforts and unyielding dedication towards expanding our influence and strengthening our position as a leading provider of financial services in Africa.

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Guaranty Trust Holding Company Plc approves N91.24Bn dividend payout for 2022

Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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Dividends

Guaranty Trust Holding Company Declares N1 Interim Dividend, Sets October 7 for Payout

Published

4 days ago

September 13, 2024

Investors King

Guaranty Trust Holding Company Plc has announced its plan to pay a sum of N1 per share of 50 kobo as interim dividends, to all registered shareholders on October 7, 2024.

According to a recent statement issued by the company on NGX , “the dividend is subject to withholding tax deduction, and will be paid to shareholders whose names appear in the register as of September 25, 2024.”

In its recently released audited consolidated and separate financial statements for the period ended June 30, the Group reported profit before tax (PBT) of N1.004 trillion, becoming the first Nigerian financial institution to cross the N1 trillion mark in profit.

This represented a 206.6 percent increase over N327.4 billion recorded in the corresponding period that ended June 2023.

The group’s profit for the period was slated at N905.67 billion, a 222 percent increase from 280.52 recorded in the corresponding period that ended June 2023.

“On October 7, 2024, the dividend will be paid electronically to ordinary shareholders whose names appear on the Register of Members as at September 25, 2024, and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly to their bank accounts,” the statement said.

Dividends

Stanbic IBTC to Pay N25.913 Billion in Interim Dividend for H1 2024

Published

2 weeks ago

September 4, 2024

Samed Olukoya

Stanbic IBTC has announced a proposed interim dividend of N1.50 per ordinary share of 50 kobo each for the first half (H1) of 2024. This amounts to a total payout of N25,913,996,000.

Subject to regulatory approval and deduction of withholding tax, the dividend will be paid to shareholders whose names appear on the Register of Members as of the close of business on Wednesday, 18 September 2024.

The Register of Shareholders will be closed from Thursday, 19 September 2024, to Thursday, 25 September 2024.

Shareholders can expect to receive their dividends electronically on Monday, 30 September 2024, provided they are registered on the Register of Members as of Wednesday, 18 September 2024, and have completed the e-dividend registration process, ensuring that their dividends are directly deposited into their bank accounts.

Shareholders who have not yet completed the e-dividend registration are encouraged to download the Registrar’s E-Dividend Mandate Activation Form from the First Registrars website: https://firstregistrarsnigeria.com/download-forms/, complete it, and submit it to the Registrar or their respective banks.

Dividends

Zenith Bank to Pay N1 In Interim Dividend for H1,2024

Published

2 weeks ago

September 2, 2024

Samed Olukoya

Zenith Bank Plc, Nigeria’s leading financial institution, has announced an interim dividend of N1 per every 50 kobo shares held in the company.

Only shareholders whose names appear in the Register of Members as of the close of business on the 13th of September 2024 will be paid.

The register of shareholders will be closed on September 16, 2024 while September 13th remains the qualification date.

Dividends will be paid electronically to shareholders whose names appear on the Register of Members as of September 13, 2024 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.