Stanbic IBTC Holdings Plc, a financial service holding company headquartered in Nigeria, anticipates comfortably raising the 138 billion Nigerian naira ($111 million) capital shortfall for its national banking license, following the recapitalization announcement from the Central Bank of Nigeria. Recently, the company announced its fiscal year 2023 financial results, revealing significant increases in gross earnings, profit before tax, and profit after tax. The Group's directors proposed a final dividend of $0.0018 per ordinary share, subject to approval, bringing the total 2023 dividend to $0.0030. Stanbic IBTC Holdings Plc, a member of the Standard Bank Group, plans to pay dividends to shareholders whose names appear in the Register of Members as of April 19, 2024.
Additionally, the company disclosed details regarding its subsidiaries and the unclaimed dividend fund as of December 31, 2023. Stanbic IBTC Holdings Plc remains compliant with the Exchange's free float requirements for companies listed on the Main Board, with a free float percentage of 30.92 percent. The register of shareholders will be closed from April 22 to April 26, 2024, with dividends paid electronically to eligible shareholders on May 17, 2024.