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GTBANK Proposes 75k Dividend and Bonus



The Directors of Guaranty Trust Bank Plc has just proposed a dividend of 75 kobo per share and bonus of 1 for 4 in respect of its year ended 31st December, 2009. The date of closure of register of members is April 20th, 2010 while payment date is May 5th, 2010. The bank posted a gross earnings of N162.550 billion and a profit after tax of N23.686 billion .This shows a growth of 61.57% in Earnings while the PAT declined by 16.35%.

The Annual General Meeting of the Company is scheduled to hold on the May 5th, 2010, at Eko Hotels & Suites, Victoria Island, Lagos. The commencement time of the AGM is 10.00am. 
The stock is on a strong bid closing the day at N22.68.

(Source:Cordros Capital)
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