8 Companies’ Investors Earn N190.3bn H1 Returns

📆 20/09/2023 14:40:00
📰 LeadershipNGA

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Shareholders of eight listed companies on the Nigerian Exchange Limited, will be receiving N190.324 billion as interim dividend payout for the first half of

More often, Interim dividends are usually paid after the half-year financial statement has been released.

Stanbic IBTC Holdings declared an interim dividend of N1.50 per share, amounting to N19.44 billion, while United Bank for Africa , Zenith Bank and Guaranty Trust Holding Company proposed an interim dividend of 50 kobo each, amounting to N17.1 billion, N15.698 billion and N14.72 billion, respectively.

They urged shareholders to closely monitor these developments while considering the tier one banks’ improved profitability and market performance, saying the companies have shown resilience in adapting to changing market conditions, and their strategic decisions will continue to impact their financial performance in the coming quarters.

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