By Dipo Olowookere
Shareholders of Guaranty Trust Holding Company (GTCO) Plc should expect bank alerts of an interim dividend of N1 per share for 2024 on Monday, October 7, a notice from the firm has revealed.
On Wednesday, the company released its audited financial statements for the period ended June 30, 2024, to the Nigerian Exchange (NGX) Limited.
In the period under review, GTCO reported a pre-tax profit of N1.004 trillion, becoming the first financial institution to achieve such a feat in Nigeria.
To reward its shareholders, the board has announced an interim dividend of N1, with Wednesday, September 24 the qualification date.
In a notice to the investing public, the organisation said the cash reward was “subject to the deduction of appropriate withholding tax.”
It emphasised that it would only be paid to “shareholders whose names appear in the register of members as of September 25, 2024, for ordinary shareholders and on September 16, 2024, for holders of GTCO’s Global Depository Receipts (GDR).”
The financial services provider noted that the register of ordinary members would be closed on September 26, 2024, while the register of GDR holders would be closed on September 17, 2024.
“On October 7, 2024, the dividend will be paid electronically to ordinary members whose names appear on the register of members as of September 25, 2024, and who have completed the e-dividend registration and mandated the registrar to pay their dividends directly into their bank accounts.
“Holders of GTCO GDR listed on the London Stock Exchange will receive their dividend payment subsequently,” the company further said in the disclosure.
GTCO urged shareholders who have not completed their e-dividend registration to download the registrar’s e-dividend mandate form to have their dividend payment into their bank accounts.