BREAKING: UBA announces N803.73bn PBT in 2024FY, proposes N3.00 final dividend

United Bank for Africa Plc (UBA) on Monday announced N803.73 billion profit before tax in its audited result and accounts for the period ended December 31, 2024.

This is about 6.08per cent increase over N757.68 billion declared in 2023 financial year. 

Amid significant increase in profit, the management of UBA proposed a final dividend of N3.00 per share (31 December 2023: N2.30 per share) from the retained earnings account as at 31 December 2024. 

This proposed final dividend and the N2.00 per share interim dividend paid in October 2024, brings the total dividend for the year to N5.00, amounting to a pay-out ratio of 26.6per cent (31 December 2023: 16.32per cent), and a yield of 13.1per cent (31 December 2023: 10.92%). 

The proposed dividend will be presented to shareholders for approval at the next Annual General Meeting and paid subsequently subject to withholding tax at an appropriate rate. 

…more details shortly.