By Taiye Olayemi

Stanbic IBTC Holdings has announced plans to pay N38.87 billion in dividends to its shareholders for the financial year ended Dec. 31, 2024.

This is a 36.3 per cent surge from N28.505 billion paid to its shareholders in 2023.

The company disclosed this in a corporate disclosure through the Nigerian Exchange Ltd., on Friday.

The disclosure reads: “A Final Dividend of N3.00 per ordinary share of 50 kobo each, that is N38,870,991,489.00

“Subject to deduction of appropriate withholding tax and approval will be paid to shareholders whose names appear in the Register of members at the close of business on Friday 11 April 2025.

“This is in addition to the Interim Dividend of N2.00 paid in September 2024, thus bringing the total of 2024 dividend to N5.00.

“The Register of Shareholders will be closed from Monday 14 April to Friday 18 April 2025.

“On Friday May 16, 2025, dividends will be paid electronically to shareholders whose names appear on the register as at the close of business on Friday April 11, 2025.

“It will be paid to those who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.(NAN) (nannews.com.ng)

Edited by Kevin Okunzuwa