KAMPALA, Uganda — Quality Chemical Industries Ltd. will pay an interim dividend of 6.0 Ugandan shillings per share following the recovery of a long-standing debt from the Zambian government, the company announced Thursday.
The dividend for the fiscal year ending March 31, 2026, was approved during a Feb. 4 board meeting. In a public notice, Company Secretary Grace Karuhanga said the payout was made possible after the company collected the full outstanding receivable from the Republic of Zambia, a debt that had been previously impaired.
The dividend is scheduled for payment by March 5 to shareholders of record as of Feb. 26. The distribution is subject to withholding tax based on the shareholder’s country of residence.
While the recovery provided a liquidity boost, Karuhanga cautioned that the payout does not set a precedent for future distributions. The board determined the dividend amount by weighing the one-time nature of the Zambian debt recovery against projected annual performance and existing funding commitments.
Quality Chemical Industries remains in a growth and investment phase, the company said. Capital will continue to be directed toward manufacturing capacity, product development and market expansion.
The announcement was issued in accordance with Uganda Securities Exchange listing rules.
