UBA to Pay N0.17 Interim Dividend to Shareholders in Q2 2020

United Bank for Africa has declared an interim dividend of N0.17 for every ordinary share of 50 kobo each.

This is coming a day after the bank posted a profit after tax of N44.43 billion in the second quarter. While the bank’s profit had declined from N56.74 billion posted in the second quarter of 2019 to N44.43 billion in Q2 2020, it remained strong given the COVID-19 lockdown and disruptions due to the virus.

In a statement signed by Bili A. Odum, Group Company Secretary, UBA and released through the Nigerian Stock Exchange (NSE), the lender said the dividend will be paid to shareholders whose names appear in the register of members as at the close of business on Tuesday, September 15, 2020.

It, therefore, stated that the bank’s register will be closed on Wednesday September 16, 2020 to allow the registrars enough time to make payment of interim dividends.

The statement reads, “On Wednesday, September 23, 2020, the interim dividend will be paid electronically to shareholders whose names appear on the Register of Members as at close of business on Tuesday, September 15, 2020 and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.”

“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 and submit 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. Alternatively, scanned completed forms can be sent to cfc@africaprudential.com or investorrelations@ubagroup.com.”

On unclaimed dividend warrants and share certificates, the bank said “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 edividend registration or contact the Registrar.“