By Peter OBIORA InvestAdvocate

Lagos (INVESTADVOCATE)- UAC of Nigeria Plc, (UACN) on Monday reported it increased dividend 9.4 percent (9.4%) to N1.70 kobo in 2013 audited year end from N1.60 kobo in the same period of 2012.

According to the company, the N1.70 kobo per ordinary share of 50 kobo each will be for shareholders whose names appears on the register of members at the close of business on May 02, 2014.

Also, UACN said register of members and transfer books of the company will close from May 05-May 09, 2014 for the purpose of the payment of the dividend on June 27, 2014.

The company said its annual general meeting will come up on June 25, 2014 at the Golden Tulip Festac, Amuwo Odofin Nigeria.