United Bank for Africa Plc proposed
dividend of 40 Kobo per unit with April 6 as ex-dividend date. AGM is on
April 8 at Eko Hotel in Victoria Island where the shareholders will be asked to
approve the dividend.
UBA reported Profit before tax of N 68.4 billion and
total comprehensive income of N 65.8 billion.
Net assets rose to N 332 billion at the end of 2015 from N 265
billion as at end of 2014. Shares of UBAcurrently
trade at N 3.41 per unit at the Nigerian Stock Exchange in Lagos.
Thats a dividend yield of
11.7% based on todays closing price. Expect the stock to move higher tomorrow.
The stock has sold of 50% during the last year.
http://www.easykobo.com/News.aspx?id=19337
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