Yemisi Izuora
The United Capital Plc (UCAP) has witnessed a remarkable seven-year growth trajectory, as its financial earnings hit explosive surge in 2024.
The company’s Profit After Tax (PAT) rose from N11.42 billion in 2023 to N24.10 billion in 2024, representing a substantial 111.03 per cent increase.
The United Capital in 2024 introduced its inaugural interim dividend of 90 Kobo per share, showcasing its exceptional financial performance
Additionally, United Capital executed a 2-for-1 bonus share issuance in 2024, a strategic move to increase shareholder participation.
This action increased the total number of outstanding shares from 6 billion to 18 billion, adding 12 billion new shares. This means that for each existing share, shareholders received two additional shares, bringing their total holdings to three shares for every initial share owned
United Capital Plc continues to deliver value to its shareholders, proposing a final dividend of 50 Kobo per share for the 2024 financial year. This brings the company’s total dividend distribution for the year to N2.40 Kobo.
In 2024, the company distributed N14.4 billion in dividends, reflecting a substantial 44 per cent increase over the previous year’s N10.0 billion.
Looking at the long-term, United Capital’s dividend payouts have skyrocketed by 860 per cent in the last 10 years, moving from 25 Kobo to N2.40.
The firm said as it proceed into the 2025 financial year, it remains committed to rewarding shareholders while sustaining this remarkable performance and is also poised to lead the Nigerian capital market and unlock new opportunities on the African continent.