GTBank shareholders endorse N3 dividend payment

Shareholders of Guaranty Trust Bank Plc, at the weekend, unanimously endorsed the payment of a total dividend of N3 per share for the financial year ended December 31, 2020.

This endorsement was made on Friday, at the bank’s 31st yearly general meeting held in Lagos.

The bank had proposed a final dividend of N2.70 per unit of ordinary share held by shareholders in addition to the interim dividend of 30k interim dividend paid in June.

GTBank, according to the results presented to and applauded by shareholders at the AGM, recorded an increase in all performance indicators despite the challenging operating environment.

Speaking at the meeting, a shareholder, Mr. Tunji Bamidele, commended the board and management for sustaining the profit profile and dividend payment despite the harsh and challenging business climate owing to the COVID-19.

The Managing Director and Chief Executive Officer, Segun Agbaje, noted that 2020 was arguably the most challenging year that the world has faced in decades and that the bank had been at the forefront of safeguarding lives and livelihoods across the communities where it operates.

“We continue to receive positive and goodwill messages for the role we played at the height of the pandemic; especially for putting together a very timely, 110-bed Isolation Centre, with an intensive care unit, in partnership with the Lagos State Government,” he said.