The management and board of United Capital Plc, have announced to pay a dividend of 30 kobo per 50 kobo ordinary share for the period ended Monday, December 31, 2018.
On Tuesday, April 2, 2019, the dividends will be paid electronically to shareholders whose names appear on the Register of Members, and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.
The dividend payout is subject to appropriate withholding tax and shareholders’ approval will be paid to shareholders, whose names appear in the! Register of Members as at the close of business on Wednesday, March 13, 2019.
The Register of Shareholders will be closed from Thursday, March 14, 2019, to Wednesday, March 20, 2019 (both dates inclusive). The qualification date has been slated for Wednesday, March 13, 2019.
What you should know about dividends
A dividend is a payment made by a corporation to its shareholders, usually as a distribution of profits. When a corporation earns a profit or surplus, the corporation is able to re-invest the profit in the business (called retained earnings) and pay a proportion of the profit as a dividend to shareholders. Distribution to shareholders may be in cash (usually a deposit into a bank account) or, if the corporation has a dividend reinvestment plan, the amount can be paid by the issue of further shares or share repurchase.
In other words, a dividend is allocated as a fixed amount per share with shareholders receiving a dividend in proportion to their shareholding. For the joint-stock company, paying dividends is not an expense; rather, it is the division of after-tax profits among shareholders.
About United Capital Plc
United Capital Plc is a financial and investment banking services group. Its services include investment banking, asset management, securities trading, and trusteeship.
The company has a track record of assisting African Governments, individuals and corporate citizens achieve their strategic objectives throughout the market cycle, with a robust suite of financial and investment banking service offerings.
United Capital Plc is currently trading N3.40 on the floor of the Nigerian Stock Exchange (NSE).