UBA Shares Jump 4.67% Amid N6.839bn Interim Dividend For Shareholders
The shares of United Bank for Africa (UBA) Plc jumped 4.67 percent on Thursday amid a N6.839 billion interim dividend declared by the bank to shareholders.
During Thursday’s trading session on the floor of the Nigerian Exchange Limited(NGX), shares of UBA gained N0.35 kobo, representing 4.67 percent to keep its share value at N7.85 kobo per share up from the N7.50 kobo per share it closed the previous trading session.
Also the bank’s market capitalisation which represents its total equity on the Nigerian Bourse appreciated by N11.969 billion or 4.67 percent to stand at N268.465 billion up from N256.495 billion.
A total of 3,356,936.00 million shares worth N25.650 million were traded on Thursday, while the bank’s outstanding shares are put at 34,199,421,368.00.
During trading the lender’s shares traded at N7. 55 per share before settling at N7. 85 kobo per share. Further check showed in a one year stock assessment of the financial institution, it went as high as N9. 80 kobo per share and as low as N5. 80 kobo per share in the last 52 weeks on the NGX.
Meanwhile, shareholders of the bank will get an interim dividend of N6.839 billion as the bank declared N0.20 kobo for every ordinary shares (34,199,421,368.00).
Bili A. Odum, the
Group Company Secretary of UBA Plc in a disclosure on Thursday said: “An interim dividend of N0.20 for every ordinary share of 50 kobo each, subject to applicable withholding tax, will be paid to shareholders whose names appear in the Register of Members as at the close of business on Thursday, September 23, 2021.”
The Tier -1 bank also stated that the interim dividend will be paid electronically to shareholders whose names appear on the register on Thursday, September 30, 2021.
“The Bank’s Register of Members will be closed on Friday, September 24, 2021 to enable the
Registrars prepare for payment of interimdividend. On Thursday, September 30, 2021, the interim dividend will be paid electronically to shareholders whose names appear on the Register of Members as at close of business onThursday, September 23, 2021 and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bankaccounts.
“Shareholders who are yet to complete the e-dividend registration are advised to download the Registrar’s
E-Dividend Mandate Form,
which is available at
http://www.africaprudential.com,complete andsubmit to the Registrar at the address below, any UBA Branch or their respective banks. Shareholders are also advised to update their records with the Registrar as may be required. The Shareholder Data Form is also available on the Registrar’s website. Duly completed forms should be returned to the Registrar or any
Branch.”
The bank added that “Shareholders with dividend warrants and share certificates that have remained unclaimed or are yet to be presented for payment or returned for validation ae advised to complete the e-dividend registration.”
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