Guaranty Trust Holding Company (GTCO) are to pay a total of N94.180 billion to her Shareholders 2023 financial year representing N3.20 per share.
This recommendation was made by the board of directors of GTCO as a reason of the powers vested on the board by the provisions of Section 426 of the Companies and Allied Matters Act (CAMA 2020) of Nigeria.
In 2023 financial year, directors declared and paid an interim dividend of 50 kobo per share for ordinary share on the share capital of 29,431,179,224 ordinary share, for the half-year period ended June 30, 2023. The directors also recommended the payment of a final dividend of N2.70k per ordinary share of 50 Kobo (which brought the total dividend for the financial year ended December 31, 2023, to N3.20k per share).
The company stated that this final dividend still subject to the appropriate withholding tax and will be paid to shareholders whose names appear in the register of members at the close of business on 26th April 2024 which will be presented in the next annual general meeting of the board for shareholders’ approval. The statement also indicated that the dividends will be paid electronically to the shareholders whose names appear on the register of members on the 9th of May 2024.
The statement also noted that 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 registrar.
