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GTBank hints on interim dividend

By Michael Eboh
GTBank Plc has given hints of a possible declaration of interim dividends for its shareholders in its financial performance for the half year ended, June 30, 2010.

The bank, according to a notice presented to the Nigerian Stock Exchange (NSE), Monday, noted that its Board of Directors is scheduled to meet, Wednesday, to consider the audited financial statements for the period.

The notice further stated that the Board may likely consider issues relating to interim dividend for the period.
Also, investors in the Lagos State Bonds will enjoy a portion of the return on their investment, as parties to the issue has informed the NSE that the third coupon payment on the Series 1 Bonds, is due for payment, August 9, 2010.

According to the parties, the register of bondholders will be closed at the end of trading, Monday, July 19, 2010, adding that transactions undertaken on the closure date will also qualify for the coupon payment.


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