Stanbic IBTC Holdings PLC, a leading financial institution in Nigeria and Africa, has approved N2 per ordinary share of 50 kobo for its shareholders at the just concluded 11th Annual General Meeting.
The financial institution made the announcement after a unanimous approval of the dividend recommendation by the Board of Directors.
Shareholders present at the meeting, held at the Orchid & Lantana Halls in EKO Hotel & Suites, Victoria Island, Lagos, expressed their satisfaction and gratitude for the company’s commitment to rewarding their trust and loyalty.
The declared dividend of Two Naira per share will be payable on Friday, May 26, 2023. Shareholders whose names appear in the Register of Shareholders as of the close of business on Monday, April 3, 2023, will be eligible to receive this rewarding payout.
Mrs. Sola David-Borha, Chief Executive of Stanbic IBTC Holdings PLC, expressed her satisfaction with the outcome of the Annual General Meeting and emphasized the company’s commitment to creating value for shareholders.
She said, “We are pleased to declare a generous dividend, reflecting our strong financial position and confidence in our business model. This dividend declaration is a testament to the trust our shareholders have placed in us, and we remain committed to delivering sustainable growth and attractive returns.”
The dividend declaration also reflects Stanbic IBTC Holdings PLC’s confidence in its future prospects. By rewarding its shareholders, the company seeks to further strengthen the bond with its investor community and attract more investors who recognize its commitment to long-term value creation.
