GTBank Declares 25 kobo Interim Dividend for half year 2016


Guaranty Trust Bank Plc, released its audited half year result for the period ended June 30, 2016, with an interim dividend of 25 kobo for shareholders. Which was same amount that was paid to shareholders same period in 2015. Closure date for the interim dividend is September 1, 2016, while payment date is September 9, 2016.

Major highlight of Segun Agbaje led bank shows that gross earnings went up by 37.18 percent to N209,872 billion above N152,995 billion that was recorded same period in 2015. Profit before tax was up by 44.79 percent to N91,381 billion against N63,111 billion in 2015.

Profit for the period stood at N77,461 billion which is an increase of 45.14 percent, above N53,373 billion that was declared in 2015.

The bank paid shareholders N1.77 kobo per share as total dividend for the full year ended December 31, 2015, which includes 25 kobo interim dividend that was paid at a half year 2015.

At the close of transaction on Wednesday August 17, 2016, the bank share price went up by 1.67 percent and closed at N25 gaining 0.41 kobo.

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