By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Nigeria’s top tier lender, Guaranty Trust Bank Plc (GTBank) on Thursday declared a dividend of N1.50 to shareholders of the bank as its post tax profit grew 10 percent to N98.694 billion in 2014 from N90.023 billion recorded last year.

According to the lender, closure date is March 17 and annual general meeting (AGM) has been scheduled for March 30, 2015.

Payment of the N1.50 per share dividend to investors of the bank is March 31, 2015. The lender in 2013 paid investors a final dividend of N1.45 compared to N1.50 proposed in 2014 end; indicating a 3.45 percent increase.

Pretax profit increased nine percent (9%) to N116.38 billion from N107.09 billion recorded in 2013 audited year end.

Similarly, gross earnings climbed up 15 percent to N278.520 billion in 2014 end from N242.665 reported in 2013.

GTBank Offers N1.50 Dividend, Post Tax Profit Grow 10% in 2014