In what comes as a piece of good news for shareholders, Guaranty Trust Holdings Plc (GTCO) is set to distribute an interim dividend of N14.72 billion for the first half of 2023.
This dividend translates to 50 kobo per share. The decision was recently put forth by the company’s Board of Directors.
The Dividend Details
The proposed dividend of 50 Kobo per ordinary share is to be paid on the issued capital of 29,431,179,224 Ordinary Shares of 50 Kobo each.
This dividend is earmarked for shareholders whose names appear in the Register of Members as of September 14, 2023, for Ordinary Shareholders and on September 5, 2023, for holders of GTCO’s Global Depository Receipts (GDR).
Erhi Obebeduo, Group General Counsel/Company Secretary, made it clear that the Register of Ordinary Shareholders would be closed on September 15, 2023, while the Register of GDR holders would be closed on September 6, 2023.
The Dividend Distribution: On September 25, 2023, dividends will be electronically disbursed to Ordinary Shareholders whose names are on the Register of Members as of September 14, 2023.
To receive this, shareholders must have completed the e-dividend registration and authorized the Registrar to deposit their dividends directly into their bank accounts.
Guidance for Shareholders: GTCO went ahead to provide guidance to company shareholders who have not yet completed the e-dividend registration, which enable direct remittance of dividends into their nominated bank account.
They are advised to download the Registrar’s E-Dividend Mandate Form from the Registrar’s website or GTCO’s, complete it, and submit it to the Registrar or the nearest GTCO branch.
Additionally, shareholders with unclaimed dividend warrants and share certificates or those that are yet to be presented for payment or returned for validation are also encouraged to complete the e-dividend registration or get in touch with the Registrar.
Looking Ahead
As Guaranty Trust Holdings Plc continues to exhibit strong performance in its financials, including robust loan book growth and resilient balance sheets, it is well-positioned to provide consistent returns to its shareholders.
The company’s focus on technology, product development, and efficiency has proven effective in navigating challenging economic conditions, as noted by Mr. Segun Agbaje, the Group Chief Executive Officer of GTCO Plc.
While cost pressures have impacted certain metrics, GTCO’s commitment to optimizing stakeholder value and supporting its customers remains unwavering.
