By InvestAdvocate

Lagos (INVESTADVOCATE)-Stanbic IBTC Holding Plc Friday announced a 10 kobo dividend to shareholders of the Company for 2012 Audited Year End.

In its Corporate Actions to the Nigerian Stock Exchange (NSE), Stanbic IBTC said qualification date and closure of Register of shareholders to benefit from the 10 Kobo dividend for year 2012 end is May 02 and 03 2012 respectively.

While payment and Annual General Meeting (AGM) dates are yet to be determined.

A review of the 2012 Audited Year End showed that Profit After Tax (PAT) of the Bank was N10.157 billion in year 2012 compared to N6.643 billion in 2011; indicating an increase of 52.9%.

Profit Before Tax (PBT) also increased from N10.106 billion in year 2011 end to N11.726 billion in the review period of 2012; representing an increase of 16.0%.

However, Gross Earnings grew by 30.1% as the Bank posted N20.424 billion in year 2011 end compared to N26.586 billion in year 2012 end.

Analysts at INVESTMENT ONE Financial Services Limited say the dividend yield for the Bank is 0.77%.