GTCO pays N3 per share dividend on shareholders approval

SHARE HOLDERS OF Guaranty Trust Holding Company (GTCO) Plc have unanimously endorsed the payment of a total dividend of N3 per share for the financial year ended December 31, 2021.

This endorsement was made at the holding company’s 1st annual general meeting (AGM) held in Lagos. The Group had proposed a final dividend of N2.70 per unit of ordinary share held by shareholders in addition to the interim dividend of 30 kobo interim dividend paid in June, bringing the total dividend for the 2021 financial year to N3.00 per unit of ordinary share.

Shareholders commended the board for the transition into a holding company and the financial performance achieved during the period under review despite the operating environment and also unanimously gave their approval the appointments of the new board membership.

Speaking on behalf of shareholders, the patron, Nigeria Shareholders Solidarity Association (NSSA), Timothy Adesiyan, appreciated the progress that the bank has made in its transition to a holding company.

He said that the shareholders have great expectations from the company and with the good corporate governance principle with which the company is run, the future is bright.

The chairman of the Progressive Shareholders Association of Nigeria, Boniface Okezie, commended the Board of GTCO for being proactive in becoming a holding company.

Speaking to shareholders, the chairman of GTCO, Hezekiah Adesola Oyinlola stated that 2021 was a pivotal year in our corporate history. After years of revisioning and planning, we successfully reorganized into a holding company to harness the potential within our operating