UPDC REIT Proposes 33 Kobo Final Dividend for 2025

UPDC Real Estate Investment Trust announced a proposed final dividend of 33 kobo per unit for the financial year ending December 31, 2025. This corporate action was released by the Nigerian Exchange on Wednesday.

The payout signals a consistent return for investors in the real estate sector despite the broader economic climate. The final distribution is subject to appropriate withholding tax and requires approval during the upcoming general meeting.

Payments will be made to unit holders whose names appear on the register as of the close of business on April 17, 2026. The registration of unitholders will briefly close on April 20, 2026, and the distribution will occur on May 6, 2026, coinciding with the trust's general meeting.

The management emphasized that investors migrating to the electronic payment system will receive funds directly into their bank accounts. Unclaimed payments and outstanding dividends will be addressed by the registrar.