Guaranty Trust Holding Firm administrators are set to earn over ₦600 million in dividend earnings for the 2025 monetary yr following the bank’s determination to take care of a powerful payout regardless of a decline in earnings.
The holding firm just lately declared a complete dividend of ₦12.76 per share for 2025, translating to an estimated whole payout of ₦466.38 billion to shareholders.
This comes at the same time as revenue after tax declined to ₦865.75 billion from ₦1.02 trillion recorded in 2024 on the again of strain from lowered non-interest earnings, rising working prices and better tax expense.
A breakdown of administrators’ shareholdings exhibits that a good portion of the dividend distribution will accrue to key members of the board.
Mr. J.Okay.O. Agbaje, Group Chief Government Officer, holds a mixed 41,628,001 shares (direct and oblique), positioning him as the biggest beneficiary among the many administrators. Primarily based on the declared dividend, his estimated earnings quantity to roughly ₦531.17 million.
Mrs. C. N. Echeozo holds a complete of 5,048,418 shares, translating to an estimated dividend earnings of ₦64.42 million.
Mr. A. I. Adeniyi, with a mixed holding of 337,712 shares, is predicted to obtain about ₦4.31 million.
Mr. S. Barau, who holds 43,553 shares, will earn roughly ₦0.56 million in dividend earnings.
Mr. B. Soyoye holds no shares within the firm and isn’t anticipated to obtain any dividend.
In whole, GTCO administrators are projected to earn roughly ₦600.46 million from the 2025 dividend distribution.
The distribution highlights a focus of dividend earnings with Mr. Agbaje accounting for the overwhelming majority of administrators’ earnings.
His share alone represents greater than 88 % of the entire dividend earnings accruing to the board.
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