GTBank Promises to Maintain Robust Dividend Policy

Lagos, Nigeria - September, 2016   The Managing Director/Chief Executive Officer of Guaranty Trust Bank (GTBank) Plc, Mr. Segun Agbaje has assured shareholders of the bank of a continuous robust dividend policy going forward.   GTBank, which is one of the banks that pay dividend twice every year, pays about 50 per cent of its profit to shareholders as dividend. It has already recommended an interim of 25 kobo for the half year (H1) ended June 30, 2016. Speaking on the bank’s H1 results June 30, 2016 during a conference call last week, Agbaje said the financial institution will not change its payout ratio.   “I don’t see any reason in changing what our dividend payout ratio for as long as you have enough capital and (our) capital adequacy today is over 18 per cent. So for as long as capital adequacy remains that high we are going to keep at that dividend payout ratio,” he said.   Agbaje... Read More