Stanbic IBTC Holdings Plc has declared an interim dividend of N2 to its shareholders for the period ended 30 June 2024.
The Financial Institution reported Gross Earnings of N378.548 billion for the 6 months period, up by 77.44% from N213.334 billion reported in the corresponding period the previous year.
Profit after tax grew year on year by 71.32% to N116.357 billion from N67.919 billion reported the previous year.
Earnings per share of the Group stands at N8.98.
At the share price of N58.95, the P/E ratio of Stanbic IBTC Holdings stands at 6.56x with earnings yield of 15.23%.
The qualification date for the proposed dividend is Wednesday 18 September 2024. The Register of Shareholders will close from Thursday 19 September 2024 to Thursday 25 September 2024.
On Monday 30 September 2024, dividends will be paid electronically to shareholders whose names appear on the Register of Members as at close of Trading on Wednesday 18 September 2024, and who have completed the edividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.