UBA Board Recommends Interim Dividend, Awaits CBN’s Approval

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Goddy Egene

The Board of Directors of United Bank for Africa (UBA) Plc has approved the payment of an interim dividend for the half year ended June 2020.

In a notification to the Nigerian Stock Exchange (NSE), UBA said the approval of the dividend was given at a meeting of the board held in August 13, 2020 where the audited half year results and reports.

According to the bank, the approved interim dividend and results are subject to Central Bank of Nigeria (CBN).

“Kindly be advised that the NSE and the investing public would be immediately notified upon receipt of the 2020 audited half year results & reports by the CBN,” the bank said.

UBA had last year paid an interim dividend of 20 kobo per share and expectations are high that the bank might pay higher interim dividend or maintain same amount paid the previous year.