KAMPALA, Uganda — dfcu Limited declared a record dividend payout following strong financial results for the 2024 fiscal year, the company announced Friday at its 60th Annual General Meeting.
The Ugandan financial institution reported a 151% increase in Profit After Tax (PAT) to UGX 72.1 billion ($19.2 million) for 2024, up from UGX 28.7 billion ($7.6 million) in 2023. Earnings per share rose to UGX 96.35 from UGX 38.39.
Shareholders, participating both physically at Hotel Africana in Kampala and virtually, approved a final dividend of UGX 20.09 per share. This represents a 121% increase from the UGX 9.10 paid in 2023. The dividend will be paid by Aug. 30, 2025, to shareholders on record 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, added 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.”
Other highlights from the 2024 fiscal year included a 9% growth in total assets and improved asset quality and capital adequacy. The AGM also provided an opportunity for shareholders to engage with the board and executive management.
