The Directors of Guaranty Trust Bank in its Full Year audited report for 2020 recommended the payment of a final dividend of N2.70 per ordinary share of 50 Kobo, bringing the total dividend for the financial year ended December 31, 2020 to N3.00. Withholding tax would be deducted at the point of payment.
The audited report of the financial giant revealed the Gross Earnings of N458.42 billion, up by 5.29% when compared the Gross Earnings of N435.41 billion in 2019.
Profit after tax for the 12 months period was N201.44 billion, up by 2.33% from the post-tax profit of N196.85 billion.
Earnings per share increased to N6.84 from the EPS of N6.69 the previous year, which translates to 2.33% growth year on year.
At the share price of N29.8, the P.E ratio of Guaranty Trust Bank stands at 4.35x with earnings yield of 22.97%.
The qualification date for the dividend is on Wednesday March 31, 2021. Closure of Register is on Thursday, April 1, 2021.
Payment of dividend will be done electronically on Friday, April 9, 2021.