Shareholders okay GTCO’s N91.24 billion dividend payment
Shareholders of Guaranty Trust Holding Company (GTCO) Plc have endorsed the payment of N91.236 billion dividend at N3.1 per share for the 2022 financial year.
The Group had, in June 2022, declared a final dividend of N2.8 per unit of ordinary shares held by shareholders in addition to the interim dividend of 30 kobo, bringing the total dividend for 2022 to N3.1 kobo.
At the company’s 2022 yearly general meeting held in Lagos at the weekend, the shareholders applauded the bank for increasing their value on investment through dividend payout amid the harsh operating environment.
Specifically, the immediate past President of Nigeria Shareholders Solidarity Association, Timothy Adesiyan, noted that the Group has contributed to the growth of the economy by taking a leadership position in its lending to the real sector, especially agriculture and support for SME’a growth as seen in its various award during the period.
He urged the management to ensure the bank stays ahead of trends in the industry to improve on its achievements.
Chairman of GTCO, Hezekiah Oyinlola said the bank completed the set-up of its holding company and acquired full ownership of Investment One Pension Managers and Investment One Fund Managers, now named Guaranty Trust Pension Managers and Guaranty Trust Fund Managers, respectively.
According to him: “Its payment subsidiary, HabariPay Limited, also launched in 2022, introduced its flagship product Squad to the market with outstanding reviews.”
Oyinlola pointed out that the newly created businesses in payments, fund managers, and pensions ran successfully make a profit by the end of the year.
On the bank’s outlook, Oyinlola assured that with the momentum built-up in recent years, the bank is well positioned to leverage every opportunity to boost its financial performance.
He said the bank’s diversified business model and agile systems will enable it to adapt quickly to changing market conditions and turn economic tides in its favour.