By InvestAdvocate

Lagos (INVESTADVOCATE)- Financial and Investment Services Company, United Capital Plc (formerly UBA Capital Plc) said on Monday directors of the company have recommended a dividend of 20kobo per share for the year ended 31st December, 2014.

This is a 20 percent decline in dividend payment when compared to 25 kobo per share dividend payout to shareholders of the company in its 2013 audited year end.

The company said closure date of register of members is March 23, 2015, while it has scheduled its annual general meeting (AGM) date to April 16, 2015 in a yet to be announced venue.

Payment date of the 20 kobo per share dividend is April 20, 2015, United Capital said in its corporate action with the Nigerian Stock Exchange (NSE).