Mansa Nettey (3rd right), MD, Standard Chartered Bank Ghana and board members of the bank the during the virtual Extraordinary General Meeting (EGM)

Stanchart to pay dividend to preference share holders

Business Desk Report Business News Sep - 03 - 2024 , 06:17

Standard Chartered Bank (SCB) has announced a dividend of GH¢0.0879 (dividend rate of 33.9168%) per preference share in respect of the dividend payment for March 2024.

As a result, all preference shareholders registered in the books of SCB at the close of business on Wednesday, September 4, 2024 will qualify for the dividend.

According to a notice posted by the Ghana Stock Exchange (GSE); “The Register of preference shareholders will be closed from Thursday, September 5, 2024 to Friday, September 6, 2024.”

It said the ex-dividend date has been set as Monday, September 2, 2024.

“Consequently, an investor purchasing SCB preference shares before this date will be entitled to the dividend,” the release said.

The notice, however, said an investor buying SCB preference shares on or after Monday, September 2, 2024 will not be entitled to the dividend.

Dividend payment date

The notice said the dividend of GH¢0.0879 per preference share will be paid on Monday, September 30, 2024.