Shareholders Set To Smile As United Capital Plc Plans Bumper Dividend Payment

United Capital Plc is set to reward its shareholders with a bumper dividend payment following a rewarding and very fruitful year.

The company proposed this after it achieved an impressive 53% rise in profit before tax (PBT).

In its just-released audited financial report for December 31, 2021, the company's gross earnings grew by 40% from NGN12.874 billion on December 31, 2020, to NGN18.1 billion by December 31, 2021.

Operating profit before tax grew by 53%, from NGN7.95 billion on December 31, 2020, to NGN12.12 billion.

Total assets grew by 104% from NGN222.75 billion on December 31, 2020, to NGN453.60 billion by December 31, 2021, while shareholders' funds rose by 25% year-on-year to NGN30.55 billion from NGN24.43 billion.

Due to this impressive outcome, United Capital Plc has proposed a 114% increase in the dividend to NGN1.50 for every 50 kobo ordinary share.

The share price of the company was NGN12.00 as of Friday, February 18, 2020, which represented a +9.09% week-to-date (W-t-D) growth.  

This is an incredible time to be a shareholder in this company. 

Who is United Capital Plc?

According to Bloomberg, United Capital Plc is a financial and investment services company. The company focuses on investment banking, asset management, trusteeship, securities, and insurance. 

The company was founded on March 14, 2002, and is headquartered in Lagos, Nigeria. 

Chika Mordi is the Chairman of the group, while Peter Ashade is the group CEO. 

The group aims to transform the African continent by providing innovative and creative investment banking solutions to governments, companies, and individuals. 

The company is burdened with the mission of providing custom-made and innovative value-added services to its clients.

The group offers asset management, securities trading, investment banking, and trust services to high-net-worth, institutional, and retail investors in Nigeria. 

The company, which was listed on the Nigerian Stock Exchange on the 17th of January, 2013, is setting the pace to become the financial and investment role model across Africa by deploying innovation, technology, and specialist skills to exceed client expectations while creating more value for all stakeholders.

United Capital is the first investment bank to be listed on the Nigerian stock exchange, and it operates through a holding company structure with subsidiaries in Asset Management, Trusteeship, Securities Trading, and Consumer Lending.