Shareholders of UBA approve N22.23b dividend plan
The shareholders gave the approval at the bank’s 56th yearly general meeting held in Lagos on Monday.
The final dividend translated to 65 kobo per share when compared to the final dividend of 55 kobo declared in the corresponding period of 2016.
The bank had earlier paid an interim dividend of 20 kobo per share to the shareholders for the period under review.
Specifically, the National Chairman of Progressive Shareholders Association of Nigeria (PSAN), Boniface Okezie, commended the board for the dividend declared amid harsh operating environment.
Okezie lauded the bank for maintaining a consistent dividend policy and increasing its footprint across sub-Saharan Africa.