Insight into GTB dividend payments amid choking environment
The recent final dividend of N1.52 per share for the financial year ended December 2015, declared by Guaranty Trust Bank Plc does not only reaffirm the banks as one of the most profitable banks in the country, but also demonstrate the value that it places on its shareholders over the years.
Available records at the Nigerian Stock Exchange on the bank’s performance since it was established in 1990, indicated that apart from being recognized as one of the most innovative and service focused banks in the country’s financial market space, it has consistently rewarded shareholders with dividends over the years.
Beginning from 1997, when the bank started paying dividend with initial interim dividend of 25 Kobo per share of 50 each, it ended that year with a final dividend of 50 Kobo per share of 50 Kobo.
In 1998, it declared an interim dividend of Ten Kobo and final dividend of the same amount.In 1999, it paid its valued shareholders interim/ final dividends of seven and 12 Kobo per share of 50 Kobo respectively. In year 2000, the bank in its tradition of always paying interim and final dividends, declared interim and final dividends of ten Kobo and 23 Kobo per share of 50 Kobo respectively.
In 2001, it paid interim and final dividends of 12 Kobo and 28 Kobo per share of 50 Kobo respectively. Also in 2002, the bank paid interim of 33 Kobo and final dividend of 50 kobo per share. In 2003, interim and final dividends were 25 Kobo and 35 Kobo respectively. In 2004, interim was 25 Kobo per share and final was 45 Kobo. In 2005, interim of 25 Kobo was declared while final was 45 Kobo per share. In 2006, it was 25 Kobo interim and 70 Kobo final per share. 2007, interim was 25 Kobo and final was 50 Kobo per share.
In 2008, the bank decided to pump up the volume for shareholders by paying interim of 70 Kobo and final of 100 Kobo per share. In 2009, it paid only final of 75 Kobo per share of 50 Kobo.
In 2010, interim was 25 Kobo and final was 75 Kobo. But year 2011 yielded only interim dividend of 25 Kobo per share of 50 Kobo to shareholders.
In 2012, interim dividend payout was N0.25 per share, while final was N1.30 per 50 kobo share. Total shareholder receipts for that year (interim and final) was N1.55 per share.
For the year ended December 31, 2013, the bank declared a Final Dividend of 145 kobo per share bringing the total year dividend per share to 170 kobo, because it earlier declared an interim dividend of 25 Kobo per share.
The bank’s board of directors approved final dividend of N44.147 billion, representing N1.50 per share in year 2014. This was in addition to an interim dividend of 25 Kobo earlier paid.