CAL Bank has announced a dividend of 11 pesewas per share to its shareholders.
This will however be subject to approval at the upcoming virtual Annual General Meeting.
The dividend is in respect to the financial year ending December 2020.
All shareholders registered in the books of the bank at the close of business on 6th May, 2021 will qualify for the final dividend.
In view of the foregoing, the ex-dividend date has been set as 4th May, 2021. Consequently, an investor purchasing CAL Bank shares before this date will be entitled to the final dividend.
However, an investor buying the shares on or after 4th May, 2021 will not be entitled to the final dividend.
The final dividend will be paid from Wednesday, 9th June, 2021.
CAL registered 13.7% profit in 2020
CAL Bank recorded a 13.7% year-on-year growth in profit to GH275 million in 2020.
This was influenced largely by non-funded transactions, which shot up from GH27 million in December 2019 to GHc130 million in December 2019.
The bank’s earnings from net interest income and fees and commissions declined because it placed embargo on loans and advancements when covid-19 pandemic began.
Latest Stories
-
You cannot advise a fool – Kofi Kinaata
2 hours -
Christopher Adu Boahen to be buried on April 25
3 hours -
Ghana will achieve universal access to electricity by end of the year – Finance Minister
3 hours -
Ghana is set to procure one million revenue-efficient meters
3 hours -
I will fight corruption ruthlessly – Alan Kyerematen
3 hours -
I swore I wouldn’t marry a man like my father and then I married worse
4 hours -
Africa Development Council urges ECOWAS action amid Togo’s constitutional crisis
6 hours -
Situate power sector challenges within the context of the 4th Republic – Jantuah
7 hours -
Empowering Youth through IT Education: IT For Youth Ghana College leads the way
7 hours -
Trump criminal case: Full 12-person jury seated in Manhattan
7 hours -
Israel Gaza: US again warns against Rafah offensive
7 hours -
Man arrested in Poland over alleged Russia plot to kill Zelensky
7 hours -
Over 100 arrested as US college Gaza protest cleared
7 hours -
Justmoh Construction begins work on dualization of Takoradi-Agona Nkwanta road
7 hours -
MGL visits Dumor family following passing of Mawuena Trebarh
8 hours