The directors of Stanbic IBTC Holdings Plc recommended the approval of a final dividend of N3.60 per share, for the year ended 31 December 2020 and a share bonus for shareholders.
This is an increase of N1.60 per share compared to the N2.00 per share final dividend it paid for 2019.
If approved, it will be the highest dividend paid by the company in the past seven years.
- Read also: FY 2020: Stanbic IBTC Holdings Plc grows profit by 10.9%
- List of Dividends announced in 2021, qualification and payment dates
The dividend amounting to N39,981,591,244.80, and subject to deduction of appropriate withholding tax and regulatory approval will be paid to shareholders whose names appear in the Register of Members as at the close of business on Wednesday 07 April 2021.
The payment will be made electronically to shareholders on Friday 28 May 2021, if approved.
A bonus share of One new Ordinary Share for every Six existing Ordinary Shares held by Shareholders in the Capital of the Company as at close of business on Thursday 10 June 2021 (subject to Shareholders’ and Regulatory Approvals) was also recommended.
Shareholders who are yet to complete the e-dividend registration are advised to download, complete and submit the Registrar’s E-Dividend Mandate Activation Form to the Registrar (First Registrars) or their respective Banks.
The form is available on the Registrars website and on Securities and Exchange Commission (SEC) website.
At the close of trading on Wednesday, the share price of Stanbic IBTC Holdings Plc rose by 9.99% to N48.45 per share as investors rushed in to benefit from the proposed dividend and the share bonus.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
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