GTBank declares an interim dividend of 30 kobo per share

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GTBank declares an interim dividend of 30 kobo per share

Guaranty Trust Bank Plc (GTBank), has declared a dividend for the period ended June 30, 2020.

The lender made this known in a statement published via the Nigerian Stock Exchange, said only shareholders whose names appear in the Register of Members as at the close of business on the 15th day of September 2020 (Tuesday) will be paid.

The following are the details related to the dividend:

Financial period  HY 30/06/2020
Announcement date 02/09/2020
Record date 16/09/2020
Payment date 21/09/2020
Dividend amount per share 30 kobo

 

The bank said the Register of Shareholders will be closed on Wednesday, September 16, 2020, to allow enough time to prepare for the payment of dividends.

GTBank advised shareholders who are yet to complete the e-dividend registration are advised to download the Registrar’s E-Dividend Mandate Activation Form, which is available on the website of the Registrars: www.datamaxregistrars.com, complete and sub, it to the Registrars or their respective Banks.

GTBank’s Financials for H1 2020

Guaranty Trust Bank Plc (GTBank) released its Q2 2020 results announcing a pre-tax profit of N109.7 billion for the period ended June 30th, 2020.

Highlights

  • Gross Earnings grew by 1.5% to N225bn from N222bn in the last quarter.
  • Profit before tax declined by 5.2% to N109.7bn.
  • Profit after tax declined by 7.3% to N94bn.
  • Net Assets grew by 4.9% from N687bn to N721bn.
Read Also:  GTBank Releases Q3 2019 Unaudited Results, Reports Profit After Tax of ₦146.99 Billion

GTBank recorded an improvement in the gross earnings for the period, N225.1 billion in H1 2020 versus N221.9 billion in H1 2019.