Tony Elumelu, chairman of United Bank for Africa (UBA), will receive a staggering N12.71 billion dividend payout for 2024, highlighting UBA’s stellar financial performance. Elumelu’s substantial stake of 2,542,511,824 shares, spanning across HH Capital Limited, Heirs Holdings Limited, and Heirs Alliance Limited, underscores his significant influence in UBA’s towering success.
UBA’s announcement of a total dividend of N5.00 per share marks a notable climb from last year’s, propelling total dividend payouts to N147.05 billion. The bank’s pre-tax profit saw a 6% increase to N803.7 billion, while its after-tax profit soared by 26.14%, reinforcing UBA’s stronghold as a major player in Nigeria’s financial industry.
Key Takeaways:
- UBA’s total dividend payout leaped to N147.05 billion, marking a sharp rise from the previous year.
- Tony Elumelu’s N12.71 billion earnings emphasize his substantial stake in UBA.
- UBA’s after-tax profit surged 26.14%, reflecting its robust financial standing.
My analysis indicates UBA’s remarkable financial milestones not only position the bank at the helm of Nigeria’s banking industry but also signify strategic prowess in value delivery to stakeholders. Read the original source.
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