By InvestAdvocate
Lagos (INVESTADVOCATE)-United Bank for Africa Plc (UBA) Thursday proposed to offer investors of the bank a 50 kobo dividend for its 2012 audited year end.
According to the corporate action of the bank released to the Nigerian Stock Exchange (NSE)in Lagos Nigeria, qualification dateMay 212013, closure date of register is May 22nd to 24th 2013.
While payment and Annual General Meeting (AGM) has been scheduled for 10th and 7th respectively in Abuja Nigeria.
According to INVESTMENT ONE Research, initial market reaction was mixed and dividend yield of 6.7% at current market price of N7.50 is much in line with peer average.
