Standard Chartered Bank has announced a dividend of GH¢0.0432 per preference share in respect of the dividend payment for September 2021.

This is at a dividend rate of 16.6540%.

In this regard, all preference shareholders registered in the books of the bank at the close of business on Friday, 20th August 2021 will qualify for the dividend.

The ex-dividend date has been set as Wednesday, 18th August 2021.

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

However, an investor buying SCB preference shares on or after Wednesday, 18thAugust 2021 will not be entitled to the dividend.

The dividend is expected to be paid on Thursday, 30th September 2021.

Standard Chartered Bank in July 2021 announced the payment of a final dividend of ¢1.74 per share to shareholders for the 2020 financial year.

Stanchart recorded 69.6% growth in earnings to ¢478m in 2020

Standard Chartered Bank recorded a remarkable 69.7% growth in year-on-year earnings to ¢478 million in 2020, despite the impact of covid-19 on its operations.

The bank’s growth was due to outstanding growth in net trading income, which jumped by 48% to ¢247 million, whilst loan loss was also reduced to about ¢59 million.