No Dividend Yet, Access Holdings Cites Regulatory Alignment, Assures Shareholders On Future Payouts

Access Holdings Plc has clarified that non-payment of dividend was driven by regulatory alignment and compliance considerations within its banking subsidiary, not diminished earnings capacity.
Speaking at the group’s fourth annual general meeting (AGM), the chairman of Access Holdings, Aigboje Aig-Imoukhuede assured shareholders that capital retained today is aimed at translating into sustainable returns tomorrow, and dividend payments will resume once supervisory conditions are met.
He stressed the group’s focus on closing the gap between returns and cost of equity and improving market recognition of value in its international subsidiaries.
He noted that Access Holdings’ performanc...