BY DAYO ADESULU
Guaranty Trust Holding Company Plc shareholders have approved the payment of a total dividend of N91.24 billion, or N3.10 per share, for the fiscal year ending December 31, 2022.
According to a statement, the endorsement was given digitally at the holding company’s second annual general meeting on Thursday.
In addition to the interim dividend of 30 kobo paid in June, the Group proposed a final dividend of N2.80 per unit of ordinary share owned by shareholders, bringing the total payout for the 2022 fiscal year to N3.10 per unit of ordinary share.
Chief Timothy Adesiyan, immediate past President of the Nigeria Shareholders Solidarity Association, spoke on behalf of shareholders and praised GTCO management for the remarkable 2022 financial performance and steady dividend payments.
He also noted that the Group had contributed to the growth of the economy in its lending to agriculture, SMEs, real sector, among others as seen in the award obtained by the Group in the year.
Speaking to shareholders, the Chairman of GTCO, Mr Hezekiah Oyinlola, recalled the challenges it faced at every turn and the prospects that became significant milestones in its journey towards creating a robust yet agile institution.
He said, “in 2022, our ambition was crystal clear, and we set out to achieve it with unwavering focus. We completed the setup of our holding company and acquired full ownership of Investment One Pension Managers and Investment One Fund Managers, now named Guaranty Trust Pension Managers and Guaranty Trust Fund Managers, respectively.
The Group Chief Executive Officer, GTCO, Mr Segun Agbaje, said in spite of the varying challenges and headwinds that weighed on growth in 2022, the Group delivered a decent performance, posting a pre-tax profit of N214.2bn representing a dip of 3.0 per cent from N221.5bn posted in full year, 2022.