Pan-African bank, the United Bank for Africa Plc (UBA) has declared an interim dividend of 20 kobo for every ordinary share of 50 kobo each for the financial period ended June 30, 2019.

The bank has set Wednesday, September 18, as date for the dividend to be paid electronically to all the shareholders whose names appear on the Register of Members as at Thursday, September 12, 2019, and to shareholders who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their bank accounts.

While the Bank’s Register of Members will be closed on Friday, September 13, 2019, to enable the Registrars prepare for the payment of Interim Dividend, Qualification Date has been slated for Thursday, September 12.

According to a shareholder, this is an exciting moment for UBA shareholders because the bank reported 9.3 per cent increase in its interest income for the half-year period.

A breakdown of its H1 Financial Statements shows that its interest income for the period stood at N204.8 billion, compared to N187.2 billion recorded in the corresponding time of 2018.

In addition, its Profit Before Tax (PBT) went up by 20.8 per cent to N70.2 billion during the period under review, compared to N58.1 billion recorded in June 2018.

In the same vein, the bank’s Profit After Tax (PAT) rose to N56.7 billion as against N43.7 billion recorded during the same period in June 2018, which represents 29.5 per cent increase.

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