By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-UAC of Nigeria Plc Thursday announced it has proposed a N1.75 kobo dividend payout to investors of the company for its 2013 audited year end.

In a letter dated March 27, 2014 to the Nigerian stock exchange (NSE) and signed by Godwin .A. Samuel, company secretary/legal adviser, UAC of Nigeria said the payment of the N1.75 kobo dividend per ordinary share of 50 kobo each will be made on June 27, 2014 to shareholders whose names appear on the register of members at the close of business Friday May 02, 2014.

The letter affirmed that register of members and transfer books of the company will close from May 05 to May 09, 2014 for the purpose of the payment of the dividend.

The N1.75 kobo dividend declared in the review period is a 9.4 percent (9.4%) increase in dividend payment to investors of the company when compared to the N1.60 kobo paid in year 2012 end.

Other resolutions at the meeting held Wednesday March 26, 2014 is that the approved financial statements of the company for the year ended December 31, 2013 will be uploaded to the NSE’s issuer’s portal soon.

The annual general meeting (AGM) of the UAN of Nigeria has been scheduled for Wednesday June 25, 2014 at the Arthur Mbanefo hall, Golden Tulip, Amuwo Odofin, Lagos Nigeria.