Nigeria’s Stanbic IBTC offers scrip dividend option for three years
September 14, 20171.2K views0 comments
Nigeria’s Stanbic IBTC Bank said Thursday it will offer shareholders the option to receive scrip dividends in lieu of cash dividends over the next three years after it declared an interim dividend.
The mid-tier lender, which is part of South Africa’s Standard Bank, did not provide a reason for the move.
The bank declared a interim dividend of 0.60 naira for its half-year to June 30.
Read Also:
- Adeduntan leaves after 9-years leading Nigeria’s oldest bank
- Africa's Business Heroes offers $1.5m to support entrepreneurs in 2024…
- Nigeria’s inflation to ease in Q2 ’24, say analysts at Cowry Asset
- Return of subsidy amid Nigeria’s falling oil production
- Nigeria: Time for backward integration, import substitution