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Home Markets Equities Dividends

Stanbic IBTC declares improved interim dividend of N12.96 billion

Chidi Emenike by Chidi Emenike
September 6, 2021
in Dividends, Markets
Strong performance from Stanbic IBTC, despite weak retail banking position
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Despite recording a slump in most of its key financial metrics for the half year period ended June 30, 2021, Stanbic IBTC Holdings Plc has declared an improved interim dividend of N1.00 per ordinary share of 50 kobo each.

The proposed interim dividend indicates a gain of about 150% when compared to the amount declared in the corresponding period of last year (HY 2020: 40 kobo). It is pertinent to note that the declared dividend will be paid on each of the outstanding 12,956,997,163 ordinary shares of the bank, amounting to N12.96 billion.

The banking giant in a recent notice filed with the Nigerian Exchange Limited (NGX), revealed that the dividend which is subject to deduction of appropriate withholding tax and regulatory approval, will be paid to shareholders whose names appear in the Register of Members as at the close of business on Monday, September 20, 2021.

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Tags: Stanbic IBTC
Chidi Emenike

Chidi Emenike

Chidi Emenike is a graduate of economics, a Young African Leadership Initiative Fellow and an Investment Foundations certificate holder. He worked as a graduate Teaching Assistant in the Federal College of Education Kano and is also a trained National Peer Group Educator on Financial Inclusion

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