University Press proposes 18 kobo final dividend

The Board of Directors of University Press Plc has proposed a final dividend of 18 kobo per ordinary share for the financial year ended March 31, 2026.

This recommendation, which is subject to shareholder approval at the upcoming Annual General Meeting (AGM), underscores the company’s commitment to delivering consistent value to its investors despite a challenging macroeconomic environment.

The proposed dividend payout reflects the company’s resilient financial performance over the past year and its ongoing dedication to rewarding investor loyalty.

The company’s share price steadied at N5.25 as at close of trading on Friday July 10. University Press has 431,409,504 shares outstanding cumulatively valued at N2.264 billion.

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According to the audited financial statements of University Press Plc for the financial year ended March 31, 2026, the company delivered solid growth in both top and bottom-line figures.

Its revenue increased by 14 percent to N3.89 billion, up from N3.40 billion recorded in the previous year ended March 31, 2025. Profit Before Tax (PBT) rose by 37 percent to N389.53 million.

The directors recommend a dividend of 18kobo (2025:15kobo) per ordinary share of 50 kobo each amounting to N77.653 million to be paid to shareholders subject to approval at the Annual General Meeting.

The proposed dividend is subject to withholding tax and is payable on September 24 to shareholders whose names appear on the Register of Members as at close of business on Friday, August 31.

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.