GTBank Promises Shareholders Dividend of N2.50

By Adedapo Adesanya

One of Nigeria’s top financial institutions, Guaranty Trust Bank (GTBank) Plc, has announced that it will be paying a final dividend of N2.50k per ordinary share of 50 kobo to its shareholders for the period ended December 31, 2019.

With this payment, total dividend paid by GTBank for the year ended 2019 would be N2.80k, when the interim dividend of 30 kobo paid earlier in the financial year is considered.

According to a statement issued by the bank, the dividends will be paid electronically to the bank accounts of qualified shareholders on March 30, as long as their names appear on the register of members as at the qualification date.

This was disclosed in the statement signed by the bank’s company secretary, Mr Erhi Obebeduo, on Monday, March 2, 2020 that the qualification date for this cash reward is March 18, 2020, while the register of members will be closed on Thursday, March 19, 2020.

The bank further added that the payment would be effected after the shareholders approve the payment at its Annual General Meeting (AGM) slated for March 30, 2020, at Oriental Hotel located at 3, Lekki Road, Victoria Island, Lagos at 10.00 am.

The bank has, therefore, urged shareholders who have not completed their e-dividend registration to do so by downloading the E-Dividend Mandate Form on the website of its registrar, Datamax Registrars limited – www.datamaxregistrars.com or through the bank’s portal on www.gtbank.com. This form should be completed and submitted to the registrars’ office address or at the bank.

On unclaimed dividends, the bank called on shareholders with dividend warrants and shares certificates which remain unclaimed, or are yet to be presented for payment or returned for validation to also complete the e-dividend registration and follow the same process for submission.

It stressed that shareholders can alternatively the registrar at 2, Gbagada Express Road, Gbagada Phase 1, Lagos State for the process in order to get paid the dividend.