Stanbic shareholders to bag sh27b
Oct 15, 2009
STANBIC Bank dividend payout for the half-year period will commence on October 30, top officials announced yesterday.
By Vision Reporter
STANBIC Bank dividend payout for the half-year period will commence on October 30, top officials announced yesterday.
The board of directors declared an extraordinary interim dividend of sh5.27 per share in August, totalling sh27b.
The share register was closed on September 30 to prepare for the payments, according to a notice issued to shareholders recently.
Only shareholders, who were on the register at the close of business on September 30, are eligible for the dividend.
Stanbic posted a pre-tax profit of sh62.3b, the industry’s best in half-year.
This was a 45% growth over the previous period.
Assets grew to sh1.6 trillion, up from 1.5 trillion the previous year.
This performance was achieved in a considerably constrained economic environment of slow demand, rising costs of living and declining household incomes.
“The first half of this year presented some fairly harsh challenges, notably the spill-over effects of the global economic crisis,†Phillip Odera, the managing director, said.
Nevertheless, he added, we got down to business and are now paying a good dividend for this period.
Odera thanked all shareholders, customers and staff for their support.
He pledged “to continue making the right connections with your needs in a timely fashion.â€
“We call upon all shareholders, who may not have received their dividends for the previous year due to changes in addresses or account details to immediately contact us at our Crested Towers head office in Kampala,†Gertrude Wamala Karugaba, the bank’s company secretary, said at the function, held at their offices in Kampala.
STANBIC Bank dividend payout for the half-year period will commence on October 30, top officials announced yesterday.
The board of directors declared an extraordinary interim dividend of sh5.27 per share in August, totalling sh27b.
The share register was closed on September 30 to prepare for the payments, according to a notice issued to shareholders recently.
Only shareholders, who were on the register at the close of business on September 30, are eligible for the dividend.
Stanbic posted a pre-tax profit of sh62.3b, the industry’s best in half-year.
This was a 45% growth over the previous period.
Assets grew to sh1.6 trillion, up from 1.5 trillion the previous year.
This performance was achieved in a considerably constrained economic environment of slow demand, rising costs of living and declining household incomes.
“The first half of this year presented some fairly harsh challenges, notably the spill-over effects of the global economic crisis,†Phillip Odera, the managing director, said.
Nevertheless, he added, we got down to business and are now paying a good dividend for this period.
Odera thanked all shareholders, customers and staff for their support.
He pledged “to continue making the right connections with your needs in a timely fashion.â€
“We call upon all shareholders, who may not have received their dividends for the previous year due to changes in addresses or account details to immediately contact us at our Crested Towers head office in Kampala,†Gertrude Wamala Karugaba, the bank’s company secretary, said at the function, held at their offices in Kampala.