Market Reacts as UBA Plans to Pay Interim Dividend
Investors demand for United Bank for Africa (UBA) Plc shares increased on Monday on the Nigerian Exchange as the pan-African lender revealed a plan to distribute part of its profit to shareholders.
The United Bank for Africa Plc has hinted at a plan to pay an interim dividend to shareholders following the release of the group’s half year audited financial statement.
In a regulatory filing, the pan-African lender told the Nigerian Exchange that sequel to its announcement dated June 28, 2024, the Board of United Bank for Africa Plc at its meeting held last week considered and approved the group’s half year results.
The final release of the group audited half year financial scorecard is, however, subjected to the approval of the regulator, the Central Bank of Nigeria (CBN). The board also approved payment of an Interim dividend
The management said the Nigerian Exchange Limited and the investing public would be immediately notified upon approval of the 2024 audited half-year results and reports by the Central Bank of Nigeria.
In the equities market, the UBA share price was up by about 2% during the early trading session as investors reacted positively to the dividend payment announcement. #Market Reacts as UBA Plans to Pay Interim Dividend Nigeria’s Sovereign Eurobond Yield Slides to 10.3%
