Shareholders of indigenous bank, Cal Bank will enjoy a dividend of GHS0.089 pesewas per share for the 2019 financial year.
This is GHS0.041 pesewas more than the 2018 financial year dividend of GHS0.048.
However, this will be subject to approval at the bank’s upcoming Annual General Meeting. The AGM will come off on Wednesday, 6 May, 2020.
All shareholders registered in the books of Cal at the close of business on Thursday, 7 May, 2020 will qualify for the final dividend.
In view of the foregoing, the ex-dividend date has been set as Tuesday, 5 May, 2020. Consequently, an investor purchasing Cal shares before this date will be entitled to the final dividend.
However, an investor buying Cal shares on or after Tuesday, 5 May, 2020 will not be entitled to the final dividend.
The final dividend will be paid on Friday, 5 June, 2020.
Cal recorded a 6.9% growth in profit in 2019 to GH¢174 million. In 2018, the profit was GH¢162.9 million.
Source: classfmonline.com