The Board of Directors of United Bank for Africa Plc (NGX: UBA) has approved the payment of an interim dividend for the half year period ended June 30, 2024.
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At its meeting held on Thursday, August 15, 2024, the Board considered and approved the interim dividend along with the 2024 half year results and reports.
In a regulatory filing on Monday, UBA stated that the Nigerian Exchange Limited and the investing public would be immediately notified upon approval of the 2024 Audited Half Year Results & Reports by the Central Bank of Nigeria.
An interim dividend is a dividend payment made before a company’s annual general meeting (AGM) and the release of final financial statements. This declared dividend usually accompanies the company’s interim financial statements.
UBA Plc declared and paid an interim dividend of 50 kobo per share for the half year period ended June 30, 2023.
The banking group tripled its profit for the first quarter of 2024, posting ₦142.58 billion for the period ended March 31st, 2024, against the ₦53.58 billion it posted for the same period in 2023.