Overview:
Shareholders gave a green light for the payment of a final dividend of UGX 8.5 per share, which will be distributed to eligible shareholders on Friday, 20 June 2025.
Shareholders of MTN Uganda Limited have approved a final dividend payout of UGX 190.3 billion following a successful Annual General Meeting (AGM) held on Friday, 16 May 2025. The hybrid meeting, which brought together shareholders both virtually and in person, reviewed the company’s performance for the year ending 31 December 2024 and passed several key resolutions.
According to a statement signed by the company secretary Enid Edroma, the AGM adopted the audited financial statements and reports from the board and auditors. Shareholders gave a green light for the payment of a final dividend of UGX 8.5 per share, which will be distributed to eligible shareholders on Friday, 20 June 2025.
To qualify for the dividend, shareholders must be on the company’s register by the book closure date of Monday, 02 June 2025. The payment will be made electronically via bank accounts or mobile money wallets, and will be subject to withholding tax as required by law.
The meeting also re-elected Ms. Karabo Nondumo and Dr. Winnie Tarinyeba Kiryabwire as non-executive directors of the company. Their reappointment is expected to bring continuity and strategic oversight to the board as MTN Uganda continues to expand its services and strengthen its position in the telecom sector.
In another key resolution, shareholders appointed Ernst & Young Uganda as the company’s external auditor for the 2025 financial year. The board of directors was authorized to determine the auditor’s remuneration.
The dividend approval reflects the company’s robust performance in 2024, amid ongoing investments in digital transformation and network expansion. MTN Uganda, which is listed on the Uganda Securities Exchange, remains one of the country’s leading telecom providers with millions of mobile and fintech customers.
The company reiterated its commitment to transparency and shareholder value, encouraging shareholders to ensure their contact details and payment options are up-to-date with the Share Registrar — Uganda Securities Exchange Nominees Limited (SCD Registrars).
MTN Uganda is regulated by the Uganda Communications Commission (UCC) and maintains its head office at Plot 69/71 Jinja Road, Kampala.
For investor-related inquiries, the company can be contacted via email at: investorrelations.ug@mtn.com.