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).

Related News

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.

More from our Markets Column
Read Next

FMDQ says secondary market turnover down by 31.82% to N28.43trn

By Iheanyi Nwachukwu • July 18, 2024

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.

Join BusinessDay whatsapp Channel, to stay up to date

Open In Whatsapp