Banking Sector

Gtbank, Union Bank Announced Dividends Last Week

Published

4 years ago

March 22, 2021

Samed Olukoya

GTbank and Union Bank joined the list of companies that have so far declared dividend payments.

The two leading banks announced dividend payments last week as stated below.

Guaranty Trust Bank Plc

Closure of Register Year Ended 31 December 2020
Proposed Dividend: ₦2.70
Proposed Bonus: –
Qualification Date: 3/31/2021
AGM Date: 4/9/2021
Payment Date: 4/9/2021
Closure of Register Date: 4/1/2021

GTBank announced records a profit after tax of N201.4 billion for the financial year ended 31, December 2021. While the bank grew profit before tax from N231.708 billion posted in 2019 to N238.095 billion in 2020.

Union Bank of Nigeria Plc

Closure of Register Year Ended 31 December 2020
Proposed Dividend: ₦0.25
Proposed Bonus: –
Qualification Date: 3/31/2021
AGM Date: 4/13/2021
Payment Date: 4/13/2021
Closure of Register Date: 4/1/2021

Union Bank grew profit before tax 2.8 percent to N25.4 billion in the 2020 financial year, up from N24.7 billion in 2019.

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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.