Stanbic IBTC Holdings Plc, a member of Standard Bank Group, has announced a total of N25 billion dividend to be paid to shareholders at ₦2.00 per share.
Company Secretary, Chidi Okezie, disclosed this on Friday in a corporate filing with the Nigerian Exchange Limited.
It said the board of direcxtors had proposed “a final dividend of N2.00 per ordinary share of 50 kobo each, that is, N25,913,994,326.00, subject to deduction of appropriate withholding tax and approval, will be paid to shareholders whose names appear in the register of members as at the close of business on Monday 03 April 2023.”
In its audited financial statement for 2022, Stanbic IBTC said the group’s gross earnings increased by 39.15 per cent to ₦287.537bn, profit before tax increased by 52.04 per cent to ₦100.349bn and profit after tax increased by 41.86 per cent to ₦80.814bn for the year ended 31 December 2022.
