dfcu Limited has announced a record dividend payout following its strong performance in the 2024 financial year, signaling robust shareholder value creation and business resilience. The announcement was made during the company’s 60th Annual General Meeting (AGM) held at Hotel Africana in Kampala, with shareholders attending both physically and virtually.
The Board approved a final dividend of UGX 20.09 per share, marking a 121% increase from UGX 9.10 in 2023. The dividend will be paid by August 30, 2025, to shareholders on record as of August 8, 2025.
This follows a remarkable 151% increase in Profit After Tax (PAT) to UGX 72.1 billion, up from UGX 28.7 billion the previous year. Earnings per share also surged to UGX 96.35 from UGX 38.39, underlining the group’s sustained profitability and enhanced investor returns.
“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 Board of Directors at dfcu Limited. “This dividend demonstrates our commitment to value creation for shareholders and is a vote of confidence in dfcu’s future.”
Chief Executive Officer Charles Mudiwa credited the performance to prudent risk management, innovation, and a customer-centric approach. “Our financial strength is anchored in strategic investments in digital infrastructure and a deep commitment to our customers. We are proud to reward our shareholders following a transformative year,” he noted.
Key highlights from FY2024 include a 9% growth in total assets, reflecting successful strategic initiatives, and strengthened asset quality and capital adequacy, ensuring continued support for Uganda’s economic sectors.
The AGM also saw the re-election and appointment of directors, and provided a platform for shareholders to engage with the Board and Executive Management—underscoring dfcu’s commitment to transparency, accountability, and inclusive governance.
As dfcu marks 60 years of operations, the company’s leadership affirmed its long-term vision to drive financial inclusion and sustainable growth in Uganda’s banking sector.