Stanbic IBTC posts N83.2bn profit in FY’20, declares N3.6 dividend to shareholders

Stanbic IBTC Holdings Plc has announced a final dividend of N3.60 per ordinary share of 50 kobo each to shareholders, amounting to N39.98 billion. This is subject to deduction of appropriate withholding tax and regulatory approval, will be paid to shareholders whose names appear in the Register of Members as at the close of business on Wednesday 07 April 2021.

The Holding company in its published Full Year report for the period ended 31 December 2020, reported the Gross Earnings of N234.45 billion, up by 0.27% from the Gross Earnings of N233.81 billion reported in 2019.

Profit after tax increased by 10.90% to N83.211 billion from N75.035 billion achieved the previous year.

Earnings per share (EPS) increased to N7.49 in 2020 from the EPS of N6.76 in 2019.

At the share price of N48.45, the P.E ratio Stanbic IBTC Holdings Plc stands at 6.47x with earnings yield of 15.46%.

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