Union Homes commences distribution of Dividends to their share holders

 Union Homes Real Estate Investment Trust Plc has introduced a very last distribution charge of N1.91kobo according to each unit held for the financial year ended 31 December 2021.

According to the disclosure filed with the Exchange (NGX), unitholders are to make sure their names are registered in the Register of Members by the qualification date of Wednesday, April 20, 2022.

This very last  distribution is issued to Unitholders approval and suitable withholding tax

On Friday, May 13, 2022, the dividend which amounts to N477.54million would be distributed electronically to regular unit holders whose names appear on the Register of Members as of Wednesday, April 20th, 2022, and to people who have finished the e-distribution registration and mandated the Registrar to pay their distribution without delay into their financial institution accounts.

Union Homes Real Estate Investment Trust Plc has 250,019,781 remarkable shares and a market capitalization of N9.15 billion at the time of submitting this report. The company’s shares opened trading on the 29th of March 2022 at N36.60 per share and closed at N36.60 per share

What you need to know

* UHOMREIT Plc had launched its Audited 2021 financial results earlier, for the length ended 31 December 2021, reporting a profit of N397.71 million, representing a 5.45% growth year on year. Investment Income of N580.71 billion was reported in the full-year period compared to N558.26billion in the same period of 2020.

* Earnings according to Proportion changed into recorded as N2.11 kobo towards N2.01 kobo recorded withinside the corresponding period of 2020.

* Year-to-date the company's stocks have remained unchanged from N36.60 according to units traded at the start of the year.