Shareholders of United Capital Plc (NGX: UCAP) are set to receive a dividend of ₦1.80 per 50 kobo ordinary share for the period ended 31st December, 2023.
Also read; List of Dividends announced in 2024, qualification and payment dates
The Board of Directors of the company has proposed that a dividend of ₦1.80 kobo per ordinary share of 50 kobo each amounting to ₦10.8 Billion, be paid to shareholders upon approval at the Annual General Meeting. The proposed dividend is subject to appropriate withholding tax.
In 2022, the Investment Bank declared and paid a dividend of ₦1.50 for the 2022 financial year,
At the of trading on Wednesday on the floor of the Nigerian Exchange, UCAP’s share price closed at ₦23.10, thus putting its dividend yield at 7.79%.
Shareholders whose names appear in the Register of Members as at the close of business on the 9th of April, 2024 will qualify for the dividend.
On April 23, 2024, Final Dividend will be paid electronically to shareholders whose names appear on the Register of Members as at the close of business on April 9, 2024 and who have completed the e-dividend registration and mandated the Registrars to pay their dividends directly into their Bank accounts.
Shareholders who are yet to complete the e-dividend registration are advised to download the Registrar’s E-Dividend Mandate Activation Form, which is also available at https://africaprudential.com/wpcontent/uploads/2018/01/EDMMS-Form_120118.pdf, complete and submit to the Registrar or their respective Banks.
The Company’s Annual General Meeting will hold at the Transcorp Hilton Hotel, Aguiyi Ironsi Street, Maitama, Abuja on Tuesday, April 23, 2024 at 10.00am.
United Capital Plc posted a profit of ₦11.42 billion for the period ended 31st December, 2023 (2022: ₦9.65 billion). It’s basic earnings per share went up from ₦1.61 to ₦1.90
About the company
United Capital Plc was incorporated in Nigeria as a limited liability company on March 14, 2002 under the Companies and Allied Matters Act, No.3, 2020.
It became a public company and was listed on the Nigerian Stock Exchange in January 2013 after a successful spinoff from United Bank for Africa Plc, a commercial bank in Nigeria.
UCAP is the first investment bank to listed on the Nigerian Exchange Limited. UCAP is a holding company with five subsidiaries namely United Capital Trustees Limited, United Capital Asset Management, United Capital Securities Limited, UC Plus Advance Limited and UCEE Micro Finance Bank Limited. Its areas of business include investment banking, asset management, trusteeship, securities trading, micro-finance bank and consumer finance.
Nnamdi Maduakor is a Writer, Investor and Entrepreneur
