By Our Reporter,
KAMPALA
dfcu Limited has declared a record dividend payout following its robust financial performance for the last year.
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.
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.”
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
• 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
