United Capital declares final dividend of N0.50 per share, reveals qualification deadline

This announcement was made in a disclosure published on the NGX on March 12 and signed by the group secretary, Dr. Leo Okafor.

According to the group, the final dividend is intended for shareholders whose names are recorded on the Register of Members as of the close of business on March 14, 2025.

The Register of Members will be closed from March 17, 2025, to March 21, 2025, after which the final dividend will be disbursed on April 4, 2025.

United Capital has urged shareholders who have not yet completed their e-dividend registration to do so.

The group stated: “Shareholders who are yet to complete the e-dividend registration are advised to download the Registrar’s E-Dividend Mandate Activation Form and submit it to the registrar or their respective banks.”

United reported a pre-tax profit of N30.1 billion for FY 2024, which represents a 73.96% increase from the N17.3 billion reported the previous year.

Despite this decline in revenue, net operating income increased to N36.5 billion, up by 77.47%.

Total assets reached N1.7 trillion, up from N931.9 billion reported last year.

As of market close on March 12, 2025, shares of United Capital were trading at N19.30, as the company seeks to recover from a high of N26.50 reached in July 2024.