GTBank Declares 30 kobo Interim Dividend

August 15, 2017
GTBank Branch

By Modupe Gbadeyanka

One of the most capitalised financial institutions in Nigeria, Guaranty Trust Bank (GTBank) Plc, has announced the payment of 30 kobo interim dividend to its shareholders.

The lender, which released its half-year earnings for 2017 today, said it was paying an interim dividend at the rate of 30 kobo per 50 kobo ordinary share to investors.

However, it stressed that this dividend, “subject to the appropriate withholding tax,” would be “paid to shareholders, whose names appear in the Register of Shareholders as at the close of business August 23, 2017 and August 17, 2017, for holders of the Bank’s Global Depository Receipts (GDR).”

GTBank further disclosed that payment date for shareholders is September 5, 2017.

“Kindly note however, that holders of the bank’s GDR listed on the London Stock Exchange will receive their dividend payment subsequently,” the lender said in a notice to the Nigerian Stock Exchange (NSE).

Concluding, the bank said “to enable our Registrar prepare for the payment of interim dividend, our bank’s Register of Shareholders will be closed on August 24, 2017, while the Register of GDR holders will be closed on August 18, 2017.”

Modupe Gbadeyanka

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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