UAC of Nigeria Plc has proposed a closing dividend of ₦1.00 per unusual share of fifty kobo for the monetary 12 months ended December 31, 2025, topic to shareholder approval at its upcoming Annual Normal Assembly (AGM).
The corporate disclosed that shareholders whose names seem on the register as of June 11, 2026, will qualify for the dividend cost. The register of members is scheduled to shut from June 12 to June 18, 2026.
Based on the discover, the dividend shall be paid electronically on June 26, 2026, to shareholders who’ve accomplished their e-dividend registration and mandated the registrar to credit score their bank accounts immediately.
UAC of Nigeria suggested shareholders who’re but to enroll within the e-dividend system to finish the method by Africa Prudential Plc, the corporate’s registrar, to make sure seamless cost.
The corporate additionally urged shareholders with unclaimed dividend warrants or excellent share certificates to regularise their holdings by finishing the e-dividend registration or contacting the registrar for decision.
The Annual Normal Assembly has been scheduled to carry on June 25, 2026, at Pageant Resort, Diamond Property, Amuwo Odofin, Lagos, the place shareholders will contemplate and approve the proposed dividend, amongst different resolutions.
The proposed dividend represents a major enhance from the ₦0.22 (22 kobo) paid within the earlier 12 months, indicating a stronger shareholder return technique regardless of the corporate’s current earnings strain.
Market analysts be aware that the upper dividend proposal indicators administration’s confidence in money stream stability and future efficiency, at the same time as the corporate navigates rising finance prices and evolving market circumstances.
The announcement reinforces UAC of Nigeria’s dedication to delivering worth to shareholders by constant returns whereas sustaining regulatory compliance and company governance requirements.
Be First to Comment