Overview:
dfcu Limited rewards shareholders with a record dividend after reporting strong FY2024 results at its 60th Annual General Meeting in Kampala.
KAMPALA, Uganda — dfcu Limited shareholders on Friday approved a record dividend payout during the company’s 60th Annual General Meeting, following a strong financial performance in the 2024 fiscal year.
The approval came after dfcu Limited reported a 151% increase in Profit After Tax (PAT) for 2024, reaching UGX 72.1 billion ($19.2 million), up from UGX 28.7 billion ($7.6 million) in 2023. Earnings per share also saw a significant rise, moving from UGX 38.39 to UGX 96.35.
Shareholders, attending both physically at Hotel Africana in Kampala and virtually, greenlighted a final dividend of UGX 20.09 per share. This figure represents a 121% increase compared to the UGX 9.10 paid in 2023. The dividend is scheduled for payment by Aug. 30, 2025, to shareholders on the register as of Aug. 8, 2025.
“The results we are reporting reflect the continued execution of a robust strategy and the resilience of our business,” said Jimmy D. Mugerwa, chairman of the dfcu Limited Board of Directors. “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, noted that the company’s financial strength is “anchored in prudent risk management, strategic investment in innovation and digital infrastructure, and a deep commitment to serving our customers.”
In addition to the profit growth, dfcu Limited’s 2024 fiscal year highlights included a 9% growth in total assets and improved asset quality and capital adequacy. The AGM also served as a forum for shareholders to engage with the board and executive management.