UBA Shareholders to get N6.8 billion interim dividend.

United Bank for Africa Plc (UBA) has declared an interim dividend of N0.20 for every ordinary share of 50 kobo each, for the financial period ended June 30, 2021. The declared dividend is to be paid on all the 34,199,421,368 issued ordinary shares of the bank, amounting to N6.84 billion.

In a statement signed by its secretary, Bili Odum, the financial giant noted that the dividend will be paid electronically on Thursday, September 30, 2021, to shareholders whose names appear on the Register of Members as at Thursday, September 23, 2021, and to those who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.

While the Register of Shareholders will be closed on Friday, September 24, 2021, Qualification Date has been scheduled for Thursday, September 23, 2021.

It is worthy to note that the declared interim dividend of 20kobo per share is about 17.6% higher than the amount declared in the corresponding period of last year (HY 2020: 17 kobo). This increase might be attributed to a much improved financial performance reported by the bank during the just concluded half-year period.

HY 2021 Highlights

Recall that the lender had recently recorded a double digit surge in most of its key financial metrics for the recently concluded half year period. For example, its Net interest income after impairment, Net fee and commission income and profit after tax all grew by 29.1%, 18.6% and 36.3% respectively.

UBA closed trading today 9th of September, 2021 with a share price of N7.85 per share on the floor of the Nigerian Exchange Limited (NGX).


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