UBA excite Shareholders N1.00 per share dividend pay-out

The United Bank for Africa (UBA) Plc has excited its shareholders with N1.00 dividend on each ordinary share of 50 kobo for the financial year ended December 31, 2021, valued at about N34.199bn. The bank at its 60th annual general meeting (AGM) held on Thursday in Abuja, proposed a final dividend of 80 kobo for […]

The United Bank for Africa (UBA) Plc has excited its shareholders with N1.00 dividend on each ordinary share of 50 kobo for the financial year ended December 31, 2021, valued at about N34.199bn.

The bank at its 60th annual general meeting (AGM) held on Thursday in Abuja, proposed a final dividend of 80 kobo for every ordinary share of 50 kobo for the financial year ended December 31, 2021, bringing the total dividend for the year to N1.00 as the Bank had earlier paid an interim dividend of 20kobo. T0 shareholding position at the time was 34,1999,421,366.

The Group Chairman, Tony Elumelu at the AGM assured shareholders and investors of the bank’s unwavering commitment to sustaining its current growth trajectory even as its efforts at business diversification across Africa and beyond continue to yield increasing returns.

He said at the end of the 2021 financial year, UBA’s Profit Before Tax was impressive with a 20.3 percent growth to N153.1 billion, compared to N127.3 billion at the end of the 2020 financial year; while Profit After Tax rose grew by 8.7 percent to N118.7 billion in 2021, compared to N109.2 billion recorded the previous year.

He said that the bank’s strategic investment decisions over the past few years have indeed translated to huge returns for its investors, despite the challenging business environment witnessed in the last two years.