The Group Chief Executive Officer of Guaranty Trust Holding Company Plc (GTCO), Segun Agbaje will earn ₦490 million ($359,000) in dividends from his minority stake, according to recent corporate filings.
This payout follows GTCO’s 2025 final dividend recommendation, a decision reached even as the financial institution faced earnings pressure across its primary lending operations.
Agbaje’s combined direct and indirect holdings currently total 41,628,001 shares, a stake valued at approximately ₦5.62 billion ($4.1 million).
The group declared a final dividend of ₦11.76 per share, bringing the total distribution to shareholders to ₦466.38 billion ($337.1 million), with electronic disbursements scheduled for April 28, 2026.
Despite this significant payout, the group’s net income saw a contraction, falling to ₦865.75 billion ($625.6 million) from the ₦1.017 trillion ($734.9 million) recorded in the previous period.
This dip was also reflected in a decline in earnings per share as the bank navigated a challenging fiscal environment.
However, GTCO demonstrated resilience in other areas of its financial report, with gross earnings rising slightly to ₦2.15 trillion ($1.55 billion). This growth was bolstered by robust interest and fee income generated across its subsidiaries in West Africa and the United Kingdom.
Additionally, the group’s total assets strengthened significantly, rising to ₦17.76 trillion ($12.83 billion).
This expansion of the balance sheet has reinforced GTCO’s capital position, allowing the firm to maintain shareholder returns despite the mixed performance in its core bottom-line figures.