United Capital Plc, a leading pan-African financial and investment services group, has approved a total dividend payout of N14.4 billion for the 2024 financial year at its 12th Annual General Meeting (AGM) held in Abuja.
The dividend payout represents a 33% increase from the previous year, demonstrating the company’s commitment to delivering exceptional value to its investors.
Shareholders also endorsed the declaration of a final dividend of N0.50 per share, complementing the interim dividend of N0.90 per share distributed within the financial year.
In his remarks, Prof. Chika Mordi, Chairman, United Capital Plc, highlighted the company’s outstanding financial performance despite macroeconomic challenges.
The company’s Profit Before Tax (PBT) accelerated by 74.0% year-on-year to N30.10 billion in 2024, while its Total Assets appreciated by 82.6% year-on-year to N1.7 trillion.
Peter Ashade, Group CEO, United Capital Plc, attributed the company’s continued success to strategic execution, operational excellence, and the dedication of its leadership team and employees.
The company’s market capitalization surged by 200% to N396 billion, while its Return on Average Equity (RoAE) stood at 21.5%.
Looking ahead, Ashade reaffirmed United Capital’s commitment to sustaining its growth trajectory and delivering superior performance in 2025.
The company plans to expand its market leadership, enhance innovation, and drive long-term value creation.
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