UBA Awaits CBN Approval for Interim Dividend, HY’20 Results

Sunday, August 16,2020

Shareholders of United Bank of Africa (UBA) Plc will receive an interim dividend for the half-year of 2020, the financial institution has hinted.

However, this is still subject to the approval of the Central Bank of Nigeria (CBN), the regulatory body for the banking sector in the country.

In the 2019 financial year, the lender gave its shareholders an interim dividend of 20 kobo per unit and observers are not expecting the one for 2020 to go beyond this.

On Thursday, August 13, 2020, the board of the company its meeting virtually to discuss the results of the firm for the period ended June 30, 2020, and during the discussions, the issue of interim dividend cropped up.

In a notice to the Nigerian Stock Exchange (NSE) last week, it was stated that the board members approved the payment of an interim dividend, with the exact amount not stated.

“Please refer to the announcement dated July 28, 2020, which notified the Nigerian Stock Exchange and the investing public of the board meeting of United Bank for Africa Plc.

“Please be informed that the board of United Bank for Africa Plc at its meeting which held on Thursday, August 13, 2020, considered and approved the 2020 audited half-year results and reports and payment of an interim dividend, subject to the approval of the Central Bank of Nigeria.

“Further to the above, kindly be advised that the Nigerian Stock Exchange and the investing public would be immediately notified upon receipt of the 2020 audited half-year results and reports by the Central Bank of Nigeria,” the bank said.

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