United Capital declares closing dividend of N0.50 per share, reveals qualification deadline

United Capital Plc has introduced a closing dividend of N0.50 kobo for the interval ended December 31, 2024, designated for shareholders listed on the corporate’s register.

This announcement was made in a disclosure printed on the NGX on March 12 and signed by the group secretary, Dr. Leo Okafor.

In response to the group, the ultimate dividend is meant for shareholders whose names are recorded on the Register of Members as of the shut of enterprise on March 14, 2025.

The Register of Members can be closed from March 17, 2025, to March 21, 2025, after which the ultimate dividend can be disbursed on April 4, 2025.

United Capital has urged shareholders who haven’t but accomplished their e-dividend registration to take action.

The group said: “Shareholders who’re but to finish the e-dividend registration are suggested to obtain the Registrar’s E-Dividend Mandate Activation Type and submit it to the registrar or their respective banks.”

What to know

The upcoming cost is a closing dividend for the interval ending December 31, 2024, and is topic to withholding tax.
This dividend can be paid electronically on April 4, 2024, to shareholders who’re listed within the firm’s information as of March 14, 2024.
Shareholders holding unclaimed dividend warrants and share certificates, or those that have but to current them for cost, are inspired to finish their e-dividend registration or attain out to the registrar for help.
Africa Prudential Plc is the registrar managing this course of.

Efficiency

United reported a pre-tax revenue of N30.1 billion for FY 2024, which represents a 73.96% improve from the N17.3 billion reported the earlier yr.

The corporate’s complete income decreased to N43.4 billion, down from N45.8 billion within the prior yr.

Regardless of this decline in income, web working earnings elevated to N36.5 billion, up by 77.47%.

Funding earnings fashioned the most important a part of the full, amounting to N15.5 billion, whereas charges and fee earnings accounted for N14.5 billion, supplemented by varied different charges.

Complete property reached N1.7 trillion, up from N931.9 billion reported final yr.

Of this complete, funding securities made up N1.1 trillion.
Money and money equivalents had been recorded at N337 billion, alongside commerce and different receivables totaling N161.2 billion.

As of market shut on March 12, 2025, shares of United Capital had been buying and selling at N19.30, as the corporate seeks to get better from a excessive of N26.50 reached in July 2024.