Nigeria’s Stanbic offers scrip dividend option for three years

Nigeria’s Stanbic offers scrip dividend option for three years

Nigeria’s Stanbic IBTC Bank will offer shareholders the option to receive scrip dividends in lieu of cash dividends over the next three years, it said on Thursday, after it declared an interim dividend. The mid-tier lender, which is part of South Africa’s Standard Bank, did not give a reason for the move. The bank declared…

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