GTCO Drops Hints on Earnings Release, Interim Dividend
Guaranty Trust Holding Company (GTCO) Plc’s board of directors has transmitted the audited financial statement of the financial services company to the Central Bank for approval, according to an official statement.
In a regulatory filing, GTCO told the Nigerian Exchange and London Stock Exchange that its board, at a meeting held on July 31, has approved its half-year audited financial statement. Analysts are anticipating that the group will maintain its culture of paying interim dividends to shareholders.
GTCO Plc paid N1 as an interim dividend in the financial year 2024, and N7.03 was paid to shareholders as final dividends. In total, the dual-listed financial services company paid N8.03 in 2024 as a result of its strong earnings performance.
The market anticipates a much higher interim dividend in the first half, as the group is not under dividend suspension placed on banks under the Central Bank of Nigeria (CBN) forbearance.
“The interim dividend for the period was approved by the board, subject to approval of the Central Bank of Nigeria,” GTCO said in its regulatory filing submitted on the Nigerian Exchange platform on Friday.
Further to its board approval, banks are generally required to forward the results to the regulator before making it available in the stock market. # GTCO Drops Hints on Earnings Release, Interim Dividend; US Targets Iranian Network over Shadow Offshore Bank, Payment Scheme
