Overview:
According to Godfrey Bakibinga, Airtel Uganda's interim company secretary, shareholders on record as of April 8, 2025, can expect their payout by April 28, 2025. For the entire year 2024, Airtel Uganda's total dividend stands at Shs7.88 per share, reflecting an impressive 9.97 percent yield.
Airtel Uganda has announced a hefty interim dividend of Shs2.5 per share, totaling Shs100 billion for the quarter ending December 31, 2024. This marks the highest pay-out since the telecom giant went public in late 2023.
According to Godfrey Bakibinga, Airtel Uganda’s interim company secretary, shareholders on record as of April 8, 2025, can expect their payout by April 28, 2025. For the entire year 2024, Airtel Uganda’s total dividend stands at Shs7.88 per share, reflecting an impressive 9.97 percent yield.
Market analysts attribute Airtel Uganda’s record-breaking dividend to its stronger financial performance. The company saw profit after tax climb from Shs297 billion in 2023 to Shs317 billion in 2024, fueled by an increase in revenue from Shs1.78 trillion to Shs1.98 trillion over the same period.
Airtel Uganda’s optimized expenses also contributed to its healthy profits. The company reduced network operating expenses, access charges, and licence fees, keeping total expenses at Shs1.4 trillion in 2024.
While liabilities surged from Shs2.2 trillion to Shs2.6 trillion, total assets also grew from Shs2.2 trillion to Shs2.4 trillion, largely due to increased investment in physical infrastructure.
Investors are taking note of Airtel Uganda’s improved financials, with the company’s stock reversing its bearish trend since its 2023 listing. The stock rose from Shs58 to Shs79, a promising climb toward its initial listing price of Shs100 per share.
“Airtel’s dividend is improving because its financials are improving,” said David Bateme, team lead, new business at Crested Capital. “The stock’s ups and downs mirror what MTN experienced after its listing. Investors should remember that dividend yield moves in relation to share price.”