dfcu shareholders receive 121% dividend boost as profits surge to Shs 72.1bn

dfcu Annual General Meeting
Shareholders of dfcu Limited are set to earn a 121 per cent increase in dividend payout for 2024, rising to Shs 20.09 per share from Shs 9.10 in 2023, following a remarkable turnaround in the bank’s financial performance.
The announcement was made during the company’s Annual General Meeting (AGM) held at Hotel Africana in Kampala, where shareholders were informed that dfcu bank recorded a 151 per cent rise in profit after tax (PAT), reaching Shs 72.1 billion, up from Shs 28.7 billion in the previous year.
The approved dividend will be paid out by August 30, 2025, to shareholders on the register as of August 8, 2025. During the AGM, shareholders also passed key resolutions, including the approval of the dividend payout and the re-election and appointment of directors.
Adding to the positive news, dfcu’s earnings per share rose to Shs 96.35, up from Shs 38.39, while the group’s total assets registered a 9 per cent growth, an indication of strong financial performance and strategic investments, according to Jimmy D. Mugerwa, chairman of the board of directors.
Mugerwa also attributed the bank’s strong showing to the effective execution of a resilient business strategy.
“This dividend demonstrates our commitment to value creation for shareholders and is a vote of confidence in dfcu’s future,” he said.
dfcu Limited chief executive officer (CEO), Charles M Mudiwa noted that the group’s financial strength was underpinned by prudent risk management and targeted investment in innovation and digital “We are proud to reward our shareholders following a transformative year. Our focus remains on serving our customers and driving long-term value

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