Guaranty Trust Holding Company is setting ambitious performance targets following its landmark dual listing on the London Stock Exchange, aiming for a minimum dividend yield of 15% and a return on equity of at least 25%.

Speaking at a post-listing media briefing in London, Group CEO, Segun Agbaje, said the shift from Global Depositary Receipts to a full LSE listing marks a strategic pivot, according to Nairameteics.

He noted this isn’t just about optics but about unlocking global capital and positioning GTCO for sustained growth by attracting long-term institutional investors.

“Every Nigerian company should pay at least 15% dividend yield, especially when you look at the inflation rate,” Agbaje said in response to a question from one of the journalists “We are also setting our ROE floor at 25%, especially considering the macro volatility in Nigeria.”

The twin goals—a high dividend payout for income-focused investors and a strong return on equity for growth-driven shareholders—reflect GTCO’s broader strategy to sustain investor confidence across both domestic and international markets.

When asked about the decision to split its capital raise between local and international markets, Agbaje outlined the rationale, noting that the approach was designed to optimize market access.

“We have over 50% of our shareholder base in retail, and we didn’t want to dilute them,” he said. “So, we raised as much as we could locally, N209 billion and then came to the international market for the delta.”

When asked about expansion beyond Nigeria into broader African and global markets, Agbaje, with fresh capital secured and a holding company structure in place, remained characteristically measured in his response.

“You know, we are very conservative. But honestly, diversification is already happening just without a lot of noise,” he said. “Nigeria today makes up 67% of our profit, West Africa 27%. Now we want to push East Africa, which is at 1.5%, and the UK, which currently contributes just 1.8%.”

He disclosed that Senegal will be GTCO’s next market entry, adding that the group also plans to deepen its presence in existing markets—not merely to expand its footprint, but to secure meaningful market share.

On July 9, 2025, GTCO’s ordinary shares were officially admitted to trading on the main market of the London Stock Exchange, marking a significant evolution in the group’s international strategy.

Since July 1, 2021, GTCO had maintained a presence on the LSE through Global Depositary Receipts, with each GDR representing 50 ordinary shares.

The GDRs acted as a conduit for international investors seeking exposure to GTCO while bypassing the complexities of Nigeria’s domestic market.