• Latest

dfcu Limited Declares Record Dividend After Posting Strong FY2024 Results

July 10, 2025
Jinja Diocese Bishop Charles Wamika Dies at 72

Jinja Diocese Bishop Charles Wamika Dies at 72

October 22, 2025
Women in Leadership: Shaping the Future with Courage and Vision

Women in Leadership: Shaping the Future with Courage and Vision

October 22, 2025
VINAStech Advert
Nyanjura Runs to Bisaka for Political Blessings

Nyanjura Runs to Bisaka for Political Blessings

October 22, 2025

West Nile Region: President Museveni’s Message Focused on Consolidating Peace, Promoting Wealth Creation and Development

October 22, 2025
Kyarampe Nominated for Mitooma District Woman MP Seat, Calls for Unity and Support Across Party Lines

Kyarampe Nominated for Mitooma District Woman MP Seat, Calls for Unity and Support Across Party Lines

October 22, 2025
63 Passengers Perish in Road Crash on Gulu Highway

46 Confirmed Dead as Police Revises Gulu Highway Death Toll

October 22, 2025
PA Rugambwa Fulfills Mattresses Pledge Made to Rukungiri Residents

PA Rugambwa Fulfills Mattresses Pledge Made to Rukungiri Residents

October 22, 2025

Why Uganda’s mineral wealth has not translated into prosperity

October 22, 2025
63 Passengers Perish in Road Crash on Gulu Highway

63 Passengers Perish in Road Crash on Gulu Highway

October 22, 2025

All the reasons Mitooma voters are calling for Kyarampe to win the Woman MP seat

October 22, 2025

Namirembe Blessious: A New Voice Rising for Western Uganda’s Youth

October 21, 2025
Presidential Advisor rallies local artistes, radio presenters to canvas votes for Museveni

Presidential Advisor rallies local artistes, radio presenters to canvas votes for Museveni

October 20, 2025
  • About Us
  • Internship
  • Contact Us
Thursday, October 23, 2025
Parrots Media
No Result
View All Result
  • Login
  • News
    Kyarampe Nominated for Mitooma District Woman MP Seat, Calls for Unity and Support Across Party Lines

    Kyarampe Nominated for Mitooma District Woman MP Seat, Calls for Unity and Support Across Party Lines

    63 Passengers Perish in Road Crash on Gulu Highway

    46 Confirmed Dead as Police Revises Gulu Highway Death Toll

    PA Rugambwa Fulfills Mattresses Pledge Made to Rukungiri Residents

    PA Rugambwa Fulfills Mattresses Pledge Made to Rukungiri Residents

    63 Passengers Perish in Road Crash on Gulu Highway

    63 Passengers Perish in Road Crash on Gulu Highway

    Suzan’s Story: A Painful Reminder That HIV Is Still With Us

    Men Sucking Women’s Breasts Doesn’t Prevent Cancer, Oncologists

    Men Sucking Women’s Breasts Doesn’t Prevent Cancer, Oncologists

    Trending Tags

  • Climate Change
  • Business
  • Science and Technology
  • Sports and Entertainment
  • Business
  • Others
    • Education
    • Lifestyle
    • Religion
    • Opinions
  • News
    Kyarampe Nominated for Mitooma District Woman MP Seat, Calls for Unity and Support Across Party Lines

    Kyarampe Nominated for Mitooma District Woman MP Seat, Calls for Unity and Support Across Party Lines

    63 Passengers Perish in Road Crash on Gulu Highway

    46 Confirmed Dead as Police Revises Gulu Highway Death Toll

    PA Rugambwa Fulfills Mattresses Pledge Made to Rukungiri Residents

    PA Rugambwa Fulfills Mattresses Pledge Made to Rukungiri Residents

    63 Passengers Perish in Road Crash on Gulu Highway

    63 Passengers Perish in Road Crash on Gulu Highway

    Suzan’s Story: A Painful Reminder That HIV Is Still With Us

    Men Sucking Women’s Breasts Doesn’t Prevent Cancer, Oncologists

    Men Sucking Women’s Breasts Doesn’t Prevent Cancer, Oncologists

    Trending Tags

  • Climate Change
  • Business
  • Science and Technology
  • Sports and Entertainment
  • Business
  • Others
    • Education
    • Lifestyle
    • Religion
    • Opinions
No Result
View All Result
Parrots Media
No Result
View All Result
Home Business

dfcu Limited Declares Record Dividend After Posting Strong FY2024 Results

dfcu Limited Declares Record Dividend at 60th Annual General Meeting Following FY2024 Performance

Leonard Kamugisha Akida by Leonard Kamugisha Akida
July 10, 2025
in Business
0

dfcu 60th Annual General Meeting at Hotel Africana on July 10.

53
SHARES
1.1k
VIEWS
Share on FacebookShare on X

By Our Reporter,

KAMPALA
dfcu Limited has declared a record dividend payout following its robust financial performance for the last year.

READ ALSO

Uganda Airlines Under Fire Over Quality of Onboard Products

CMA and UFLA Launch Masaka Financial Literacy Chapter to Boost Grassroots Investment Awareness

Shareholders attending the dfcu 60th Annual General Meeting at Hotel Africana Kampala on Thursday.

The announcement was made during the bank’s 60th Annual General Meeting (AGM) held on Thursday (July 10) at Hotel Africana in Kampala.

During the meeting, the Board approved a final dividend of UGX 20.09 per share, more than double the UGX 9.10 declared in 2023, representing a 121% increase year-on-year. The dividend, which follows a 151% surge in profit after tax (PAT) to UGX 72.1 billion from UGX 28.7 billion, will be paid by 30th August 2025 to shareholders registered as of 8th August 2025.

The AGM was convened to review the Group’s performance for the financial year ended 31st December 2024 and to pass key resolutions, including the approval of a dividend payout, the re-election and appointment of directors.

dfcu 60th Annual General Meeting.

Earnings per share have risen to UGX 96.35 from UGX 38.39, highlighting continued profitability and enhanced shareholder value.

“The results we are reporting reflect the continued execution of a robust strategy and the resilience of our business,” Jimmy D. Mugerwa, Chairman of the Board of Directors, dfcu Limited said. “This dividend demonstrates our commitment to value creation for shareholders and is a vote of confidence in dfcu’s future.”

Jimmy D. Mugerwa, Chairman of the Board of Directors, dfcu Limited.

Charles M. Mudiwa, Chief Executive Officer of dfcu Bank attributed the growth to prudent risk management, digital innovation, and customer-centric service delivery.

“Our financial strength is anchored in prudent risk management, strategic investment in innovation and digital infrastructure, and a deep commitment to serving our customers. We are proud to reward our shareholders following a transformative year.”

FY2024 Highlights:
• 151% growth in profit after tax to UGX 72.1 billion
• 9% growth in Total Assets, reflecting strong performance and strategic growth initiatives

Shareholders arriving at Hotel Africana to attend the dfcu 60th Annual General Meeting

• Improved asset quality and capital adequacy, ensuring continued support for Uganda’s key economic sectors

The AGM also provided an opportunity for shareholders to engage with the Board and Executive Management, reflecting dfcu’s commitment to transparency, accountability, and inclusive governance

Tags: Charles M. Mudiwadfcu 60th Annual General Meetingdfcu groupJimmy D. MugerwaProfit After Tax

Related Posts

Uganda Airlines Under Fire Over Quality of Onboard Products
Business

Uganda Airlines Under Fire Over Quality of Onboard Products

September 29, 2025
CMA and UFLA Launch Masaka Financial Literacy Chapter to Boost Grassroots Investment Awareness
Business

CMA and UFLA Launch Masaka Financial Literacy Chapter to Boost Grassroots Investment Awareness

September 19, 2025
Why Consumer Protection law matters for clean energy and agricultural consumers
Business

Why Consumer Protection law matters for clean energy and agricultural consumers

September 12, 2025
Uganda, China Deepen Economic Ties as Strategic Investment Talks Advance
Business

Uganda, China Deepen Economic Ties as Strategic Investment Talks Advance

September 10, 2025
Lukwago Demands Arrest of Ham Over Illegal Drainage Encroachment
Business

Lukwago Demands Arrest of Ham Over Illegal Drainage Encroachment

August 26, 2025
Business

Tax Experts Fault Corruption and Unfair Policies for Weak Revenue Collection

August 23, 2025
Next Post
DF to Begin  Nomination Process On Friday

DF to Begin Nomination Process On Friday

POPULAR NEWS

Minister Amongi, Akena Scrapped from EC Voters’ Register Oops

Minister Amongi, Akena Scrapped from EC Voters’ Register Oops

September 3, 2025
Catholic Priest Speaks Out Against Museveni and Son’s Leadership

Catholic Priest Speaks Out Against Museveni and Son’s Leadership

February 16, 2025

“Life Is Scum”: Kabale University Student Leaves Suicide Note, Takes Own Life

July 25, 2025

Former IGP Okoth Ogola Dies

February 14, 2025

CAF Warns Fans Against Obscene and Politically Charged Jerseys at Namboole

August 20, 2025

EDITOR'S PICK

New NIRA ED Rosemary Kisembo duly assumes office.

May 14, 2021
Schools cautioned against charging high school fees

Education Ministry Queried On Enforcement Of Schools Calendar

August 30, 2023

Wife killed in land wrangle

June 3, 2022
2nd NFI interventions to strengthen poverty alleviation among marginalized groups

2nd NFI interventions to strengthen poverty alleviation among marginalized groups

November 29, 2023
VINAStech advert VINAStech advert VINAStech advert
ADVERTISEMENT

About

Parrots Media

A Public Relations and Media Services Company registered and licensed to operate in Uganda and the Great Lakes Region.

Follow us

Categories

  • Business
  • BUSINESS REPORTS
  • CLIMATE ACTION REPORTS
  • Climate Change
  • COMMUNITY REPORTS
  • Education
  • Entertainment
  • FEATURES
  • Health
  • Lifestyle
  • News
  • News
  • Obituary
  • OBITUARY
  • Opinions
  • RELIGION
  • Religion
  • Science and Technology
  • Sports
  • Sports and Entertainment
  • TOURISM

Recent Updates

  • Jinja Diocese Bishop Charles Wamika Dies at 72
  • Women in Leadership: Shaping the Future with Courage and Vision
  • Nyanjura Runs to Bisaka for Political Blessings
  • West Nile Region: President Museveni’s Message Focused on Consolidating Peace, Promoting Wealth Creation and Development
October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
  • About Us
  • Internship
  • Contact Us

© 2025 Parrots Media | Website Designed and Maintained by VINAStech

No Result
View All Result
  • Parrots Media
  • News
  • Business
  • Science and Technology
  • Sports and Entertainment
  • Lifestyle
  • Others
    • Climate Change
    • Education
    • Religion
    • Opinions

© 2025 Parrots Media | Website Designed and Maintained by VINAStech

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

You cannot copy content of this page