GTCO Shareholders to Receive ₦7.03 Dividend per Share on April 24 - International Edition

On April 24, the shareholders of Guaranty Trust Holding Company will be entitled to receive a final dividend of N7.03k, pending approval.

In a regulatory submission to the Nigerian Exchange Limited on Wednesday, the financial holding firm stated that shareholders who hold legitimate shares up until April 15, 2025, will qualify for the dividend distribution.

"A concluding dividend amounting to N7.03 for each ordinary share with a value of 50 kobo will be distributed to shareholders listed in the Register of Shareholders as of the end of day on April 15, 2025, pending applicable deductions for taxes and requisite approvals," stated part of the notification.

This totals the dividends paid out for the 2024 fiscal year to ₦8.03 (in comparison, it was ₦3.20 per share in 2023).

In the reviewed timeframe, the directors suggested distributing an interim dividend of N1.00K for every ordinary share from their issued capital consisting of 29,431,179,224 ordinary shares valued at 50 kobo each. This was intended to be paid out to shareholders recorded in the share registry as of the closing date.

According to the company statement, electronic dividend payments will be issued on April 24, 2025, to those shareholders listed in the Shareholder Registry by April 15, 2025. These shareholders must also have registered for e-dividends and instructed theRegistrar to deposit their dividends directly into their respective bank accounts.

The annual general meeting is scheduled for April 24, when shareholders are anticipated to endorse the suggested dividend.

Guaranty Trust Holding Company Plc has reported a profit before tax of N1.27trn for the 2024 financial year, representing a 107.8 per cent increase from N609.31bn posted in 2023.

In its audited financial statement published on the Nigerian Exchange Limited last Friday, the company reported a profit after tax of N1.02 trillion, marking an increase of 88.6% from the N539.66 billion recorded in 2023.

The company highlighted in an SEC filing that their robust financial results demonstrate the strength of their business strategy and their capacity to generate lasting value for stakeholders.

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