UAC of Nigeria Plc (NGX: UACN) has declared a dividend of 22 kobo per ordinary share of 50 kobo each for the year ended 31 December, 2023.
Also read; List of Dividends announced in 2024, qualification and payment dates
The Directors recommended the payment of 22 kobo, same as the company paid for the 2022 financial year.
At the end of trading on Thursday on the floor of the Nigerian Exchange, UACN’s share price closed at ₦13.75, thus putting its dividend yield at 1.60%.
Shareholders whose names appear in the Register of Members as at the close of business on the 6th of June, 2024 will qualify for the dividend.
On June 21, 2024, dividends will be paid electronically to shareholders whose names appear on the Register of Members as at the close of business on June 6, 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 Form – Africa Prudential, which is available on our Registrars website: www.africaprudential.com, complete and submit to the Registrar or their respective Banks.
The Company’s Annual General Meeting will be held at Festival Hotel, Diamond Estate, Amuwo Odofin, Lagos, Nigeria on 20 June 2024, at 10.00am.
UACN posted a profit of ₦8.90 billion for the year ended 31 December, 2024 (2022: minus ₦3.99 billion).
About the Company
UAC of Nigeria PLC is a limited company incorporated and domiciled in Nigeria, whose shares are publicly traded on the Nigerian Exchange. The registered office is located at 1-5 Odunlami Street, Marina, Lagos
UAC of Nigeria PLC is a holding company with five (5) subsidiaries with interests organised around four (4) principal sectors as follows: Animal Feeds and other Edibles, Paints, Packaged Food and Beverages, and Quick Service Restaurants. The Company also has interests in a leading logistics company as well as a real estate development company
Nnamdi Maduakor is a Writer, Investor and Entrepreneur