GTCO to Pay N14.72 Billion Interim Dividend, is this good enough for investors?

Guaranty Trust Holding Company Plc (GTCO) has announced an interim dividend of N14.72 billion for the half-year ended June 2023, representing 50 kobo per share.

The dividend is payable to shareholders whose names appear on the register of members as at September 14, 2023. It will be paid on September 25, 2023.

The interim dividend is based on the company's strong financial performance for the half-year. GTCO reported a profit after tax of N280.48 billion for the period, up from N77.56 billion in the same period of the previous year.

The company's revenue also grew by 181.08% to N672.6 billion, from N239.29 billion in the same period of the previous year.

The interim dividend is a welcome development for GTCO shareholders, who have been waiting for some time for the company to pay a dividend. The dividend will provide them with some much-needed income.

The interim dividend is also a positive sign for the Nigerian banking sector. It shows that the sector is recovering from the challenges it faced in recent years.

GTCO is one of the leading banks in Nigeria. It has a strong track record of financial performance and a good reputation. The interim dividend is a testament to the company's strong financial position.

The interim dividend is expected to be well-received by investors. It is a sign that GTCO is committed to returning value to its shareholders. The dividend will also help to boost the company's share price.

GTCO is a well-managed company with a bright future. The interim dividend is a positive development for the company and its shareholders.