United Capital Disburses N9bn Final Dividend

United Capital Plc, the Pan-African investment and financial services group, has approved a final dividend of N0.50 per share, amounting to N9 billion for the 2024 financial year.

The payout, approved at the company’s Annual General Meeting held on Friday, April 4, 2025, will be credited to shareholders whose names appeared in the Register of Members as of March 14, 2025.

This latest payout follows an interim dividend of N0.90 per share, bringing the total dividend for 2024 to N1.40 per share. Shareholders were also issued two bonus shares for every one share held, underlining the Group’s robust financial performance and shareholder-focused strategy.

In its 2024 financials, United Capital reported a 111 percent surge in profit after tax to N24.1 billion, while profit before tax rose by 74 percent to N30.1 billion. Total assets ballooned by 83 percent to N1.7 trillion, and shareholders’ funds grew by 47 percent to N133.5 billion.

Mr. Peter Ashade, Group CEO, credited the company’s strong fundamentals and market leadership, stating: “Despite a tough macroeconomic climate, we delivered impressive growth. Our performance reaffirms United Capital’s resilience and the value we consistently deliver to shareholders.”

Prof. Chika Mordi, Chairman of United Capital, highlighted the firm’s commitment to long-term value: “Our strategy of shared prosperity, sound governance, and aggressive market participation is yielding results. We remain focused on deepening value for all stakeholders.”

Among the standout achievements of 2024 were the FGN Domestic USD Bond issuance, the N1.8 trillion listing of Transcorp Power, and over N2 trillion in funds under management—moves that earned the Group multiple industry accolades and reinforced its dominance in the capital markets.

Meanwhile, United Capital Infrastructure Fund, a closed-ended N150 billion SEC-licensed vehicle, declared N1.98 billion in dividends to unitholders. The Fund finances infrastructure projects across Nigeria and Sub-Saharan Africa.