United Bank for Africa Plc (UBA) will pay an interim dividend of ₦2.00 for every share of 50 kobo held for the half year financial period ended 30 June, 2024, the highest ever paid by the group.
The interim dividend which was announced in a regulatory filing on Monday, will be subject to a withholding tax of 10% in the hands of qualified recipients.
UBA announced and paid an interim dividend of 30 kobo per share for the same period in 2023.
The Board of Directors proposed the ₦2.00 interim dividend from the retained earnings accounts as at 30 June 2024.
Qualification date for the interim dividend is set for October 14, 2024.
On October 22, 2024, dividend will be paid electronically to Ordinary Shareholders whose names appear on the Register of Members as at October14, 2024, and who have completed the e-dividend registration and mandated the Registrar 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 Form, which is available on the Registrar’s website: www.africaprudential.com, complete and submit to the Registrar or their respective Banks.
UBA posted a profit after tax of ₦316.36 billion for the first half of2024, lower than the N378.24 billion it posted for the same period in 2023.
However, the share jumped 9.9% to N28.3 per share today on the heels of the interim dividend announcement.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
