Guaranty Trust Holding Company Plc (NGX: GTCO) has announced a final dividend of N2.70 per 50 kobo ordinary share for the financial year ended 31 December 2021.
The dividend with a qualification date of Wednesday, March 23, 2022 is subject to appropriate withholding tax and approval.
This brings the total dividend paid for the 2021 financial year N3.00 per 50k ordinary share, as the GTCO paid and interim dividend of 30 kobo for the period ended 30 June 2021.
Although GTCO saw its profit after tax decline by 15.2% to N174.8 billion in 2021, compared to the 2020 profit after tax of N201.4 billion, the company maintained its final dividend payment.
On Friday, April 8, the dividend which amounts to N79.46 billion will be paid electronically to qualified shareholders who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their bank accounts.
Shareholders who are yet to complete the e-dividend registration are advised to download the Registrar’s E-Dividend Mandate Activation Form, complete and submit to the Registrar or their respective Banks.
GTCO has 29,431,179,224 outstanding shares. At the close of trading on Monday, the equity price of GTCO closed flat at N26.00 per share.
During the first half of 2021, Guaranty Trust Bank Plc restructured and converted into Guaranty Trust Holding Company Plc, which would hold the Bank, the Banking Subsidiaries and other permissible non-banking entities.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.