StanbicIBTC declares N2.20 dividend to shareholders

StanbicIBTC Nigeria has declared to pay its shareholders a final dividend of N2.20 per ordinary share of 50k each, totaling N28.51 billion for the period ended Dec. 31, 2023.

Mr Chidi Okezie, Company Secretary, StanbicIBTC, announced this in a disclosure sent to the Nigerian Exchange Ltd. (NGX) on Thursday in Lagos.

Okezie said that the proposed dividend, to be paid in April 19, is subject to deduction of appropriate withholding tax and approval.

He said that shareholders whose names appear in the register of members as at the close of business on April 19 would be paid their dividend.

According to him, this is in addition to the interim dividend of N1.50 paid in September 2023, thus bringing the 2023 total dividend to N3.70.

Okezie said, “The register of shareholders will be closed from April 22 to April 26.

“On May 17, dividends will be paid electronically to shareholders whose names appear on the register of members as at close of business.

“On April 19, shareholders who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their bank accounts would be paid.

“E-dividend registration shareholders who are yet to complete the e-dividend registration are advised to download the Registrar’s E-dividend Mandate Activation Form.

“Shareholders with dividend warrants and share certificates that have remained unclaimed or are yet to be presented for payment or returned for validation are advised to complete the e-dividend registration or contact the Registrars,”Olezie said.