United Capital proposes 90kobo interim dividend, bonus of 2 new shares for 1

United Capital Plc has for the half year (H1) period ended June 30, 2024 proposed interim dividend and bonus share.

The company proposed a dividend of 90kobo per 50 kobo ordinary share, subject to appropriate withholding tax and approval which will be paid to shareholders whose names appear in the Register of Members as at the close of business on July 31, 2024.

The register of the company’s shareholders will be closed from August 1, 2024 to August 7, 2024 (both dates inclusive).

On August 9, 2024, dividends will be paid electronically to shareholders whose names appear on the Register of Members as at July 31, 2024, and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their bank accounts.

The company also proposed bonus issue of two (2) new shares for one (1) held by shareholders. The company will hold
Extra-Ordinary General Meeting (EGM) on August 21, 2024.

Its recently released unaudited consolidated and separate financial statements for the period ended June 30, 2024 show that it grew pre-tax profit to N9.05billion from N5.54billion in corresponding period of 2023. Its half year (H1) gross earnings increased to N15.147billion from N11.014billion in H1’2023.