For the fiscal year that concluded on December 31, 2022, Guaranty Trust Holding Company Plc’s shareholders approved the payment of a total dividend of N91.24 billion, or N3.10 per share.
According to a statement, the support was given virtually on Thursday at the holding company’s second annual general meeting.
The Group proposed a final dividend of N2.80 per unit of ordinary share held by shareholders in addition to the interim dividend of 30 kobo paid in June, bringing the total dividend for the 2022 financial year to N3.10 per unit of ordinary share. Speaking on behalf of shareholders, the immediate past President of Nigeria Shareholders Solidarity Association, Chief Timothy Adesiyan, praised the management of GTCO for the impressive 2022 financial performance.
He said that the Group’s financing to the real estate, SMEs, and agricultural sectors, among others, had helped the economy thrive, as evidenced by the award the Group had won that year.
The GTCO Chairman, Mr. Hezekiah Oyinlola, addressed the company’s shareholders and recounted the difficulties the company encountered along the way as well as the opportunities that eventually proved to be major turning points in its quest to build a reliable yet adaptable organization.
“Our ambition was crystal clear in 2022, and we set out to achieve it with unwavering focus,” he added. Investment One Pension Managers and Investment One Fund Managers, which are now known as Guaranty Trust Pension Managers and Guaranty Trust Fund Managers, respectively, were fully purchased by our holding company once we had finished setting it up.
In spite of the various difficulties and hindrances that hampered development in 2022, the Group produced a respectable performance, reporting a pre-tax profit of N214.2 billion, a decrease of 3.0% from the N221.5 billion reported for the full year, 2022, according to Group Chief Executive Officer of GTCO, Mr. Segun Agbaje.
