By Celephina Onovo
United Bank for Africa is to pay an interim dividend of 20kobo for every ordinary share of 50 kobo each to her shareholders.
The bank said on Friday that the payment is subject to applicable withholding tax, and will be paid only to shareholders whose names appear in the Register of Members as at the close of business on Thursday, September 12, 2019.
The notification at the Nigeria Stock Exchange on Friday, August 30, noted that closure of the bank’s Register of Members will end on Friday, September 13, 2019 to enable the Registrars prepare for the payment of interim dividend.
According to the statement signed by Bili A. Odum, Group Company Secretary of UBA, payment would be effected electronically on Wednesday, September 18, 2019, to shareholders whose names appear on the Register of Members as at September 12, 2019 and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.