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    Security features of the new naira notes revealed by the CBN

    JUST IN: CBN orders banks to begin payment of new notes over the counter

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    Suspected herdsmen ambush Benue policemen, kill DPO

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    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    FG explains why Nigeria’s total debt will rise to N77 trillion by the end of May 2023

    U.S unemployment fell to a five-decade low

    U.S unemployment fell to a five-decade low

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    Nigeria’s total debt rise above N44 trillion – DMO

    FG approves 39 licences for fish importation

    Q3 2022: Nigeria’s total trade stood at N11.6 trn, total export falls nearly 20% QoQ

    Update: Central Bank of Nigeria instructs banks to close accounts related to Crypto

    JUST IN: CBN limits weekly cash withdrawal to N100k

    Law to legalize crypto as a payment method passed in Brazil

    Law to legalize crypto as a payment method passed in Brazil

    Will Nigerians in diaspora be committing an offence if they make a campaign donation?

    Rivers and Oyo State to join others in establishing small claims courts

    Non-oil sector contributes 93.67% to Nigeria’s GDP in Q2 2022

    Nigeria’s GDP growth slows to 2.25% in Q3 2022, oil sector contribution declines further

    Buhari to unveil new naira notes Wednesday — no longer Dec 15

    Buhari to unveil new naira notes Wednesday — no longer Dec 15

    • Policies
    • Budgets
    • Economic Data
  • Markets
    • All
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    • Cryptocurrencies
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    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    Equities Market Recorded Gains… As NGX-ASI Grows Marginally By 0.49%

    Equity Market turns bearish… As Value Traded Spikes by 409.01%

    The Local bourse Closed The Week Bearish… As the NGX-ASI fell by 0.18%.

    Local Bourse closed in Bullish Territory… As NGX-ASI at 0.31%

    NGX-ASI Turns Bullish…As Oil & Gas sector closed at a Gain of 1.58%

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    Local Bourse Records 2nd Day Loss…… As NGX-ASI Decreases by 0.02%

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    2022 financial year: UAC of Nigeria posts N2.69 billion loss

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UAC of Nigeria Plc shareholders to receive 65 kobo dividend for 2021 Financial Year

Wednesday, 30 March 2022, 9:05 pm
in Business, Companies, Markets, Stocks/Equities
0
UAC of Nigeria Plc shareholders to receive 65 kobo dividend for 2021 Financial Year
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Shareholders of UAC of Nigeria Plc (NGX: UACN) are set to receive a dividend of 65 kobo per ordinary share of 50 kobo each for the financial year ended 31 December 2021.

The dividend proposal contained in the a corporate actions announcement published earlier on Wednesday is subject to appropriate withholding tax.

The share price of UACN closed at N12.10 at the end of trading on Wednesday. This puts the dividend yield for the declared dividend at 5.37% before withholding tax. After the application of 10% withholding tax, the Net dividend payable to each shareholder drops down to 58.5 kobo, giving a dividend yield of 4.83%.

Read also; ETI reports 305% growth in profit for 2021 FY, proposes nearly 67 kobo dividend

The proposed dividend will be put to shareholders for approval at its next Annual General Meeting. The Company’s Annual General Meeting will be held by Proxy in line with the Guidelines of the Corporate Affairs Commission as well as the COVID-19 Pandemic Safety Protocols at UAC House (12th Floor) 1-5 Odunlami Street, Lagos on Wednesday 22 June, 2022 at 10.00am.

To qualify for the dividend, the shareholder’s name has to appear in the Register of Members as at the close of business on June 7, 2022.

On June 23, 2022 cash dividends will be paid electronically to shareholders whose names appear on the Register of Members as at 7th June, 2022 and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.

The Board has approved and are also recommending to shareholders for their approval at the forthcoming AGM, a right of election for Qualifying Shareholders to receive new ordinary shares in the Company instead of the dividend in cash. The election is required to be made on or before June 14, 2022.

The Reference Share Price for the purpose of determining the number of shares due to Qualifying Shareholders who elect for the share option will be a ten-day trading average of the Company’s share price on the floor of the Nigerian Exchange Limited, starting on June 8, 2022.

Shareholders who do not elect for new ordinary shares before or by June 14, 2022 shall receive cash dividend.

Shareholders who are yet to complete the e-dividend registration are advised to download the Registrar’s E-Dividend Mandate Activation Form, which is available on our Registrars website: https://africaprudential.com/claim-your-dividend-here/, complete and submit to the Registrar or their respective Banks.

Nnamdi Maduakor
Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur

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