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Stanbic IBTC Holdings Plc has proposed an interim dividend of N2.50 per ordinary share for the period ended June 30, 2025.
The interim dividend payment amounts to N39.7billion, subject to deduction of appropriate withholding tax and regulatory approval.
As investors buy the stock to position ahead of qualification date for the interim dividend, the share price rose to new high of N105, on Thursday up by N3.15 or 3.09 percent compared with the previous day’s close.
The stock had reached a 52-week high of N111.1 as against 52-week low of N52.95.
The Group’s gross earnings increased by 35.20 percent , profit before tax increased by 65.81 period and profit after tax increased by 49.05 percent for the period ended June 30, 2025.
The proposed interim dividend of N2.50 kobo per share is higher than N2 the company paid as interim dividend as at H1’24.
The interim dividend will be paid to shareholders whose names appear in the Register of Members as at close of business on Monday October 6, 2025.
The Register of Shareholders will be closed from Tuesday October 7 2025 to Tuesday October 14, 2025. Qualification Date is Monday October 6, 2025.
On Tuesday October 21, the dividends will be paid electronically to shareholders whose names appear on the Register of Members as at close of Trading on Monday October 6, 2025, and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.
Stanbic IBTC Holdings has ten direct subsidiaries: Stanbic IBTC Bank Limited, Stanbic IBTC Pension Managers Limited, Stanbic IBTC Asset Management Limited, Stanbic IBTC Capital Limited, Stanbic IBTC Insurance Limited, Stanbic IBTC Stockbrokers Limited, Stanbic IBTC Ventures Limited, Stanbic IBTC Insurance Brokers Limited, Stanbic IBTC Trustees Limited, Zest Payments Limited and one indirect subsidiary, namely: Stanbic IBTC Nominees Limited.
