By David Mwanje
On Thursday, dfcu Limited, a leading Ugandan financial institution, held its 60th Annual General Meeting (AGM) at Hotel Africana in Kampala, with shareholders joining both in person and virtually.
The meeting focused on reviewing dfcu’s stellar performance for the financial year 2024 and approving key decisions, including a substantial dividend payout and the re-election of board members. dfcu announced a final dividend of UGX 20.09 per share, a 121% increase from last year’s UGX 9.10, driven by a remarkable 151% surge in profit after tax to UGX 72.1 billion, up from UGX 28.7 billion in 2023.
Shareholders on the register by August 8, 2025, will receive their dividends by August 30, 2025. The company’s earnings per share also climbed to UGX 96.35 from UGX 38.39, signaling strong value creation for investors.
Chairman Jimmy D. Mugerwa attributed the success to a solid strategy and the company’s resilience, stating, “This dividend reflects our commitment to delivering value to shareholders and confidence in dfcu’s future.”
CEO Charles M. Mudiwa emphasized prudent risk management, investments in technology, and a customer-first approach, saying, “We’re proud to reward our shareholders after a transformative year.” dfcu’s 2024 highlights include a 151% profit growth, a 9% increase in total assets, and improved financial stability, positioning the company to continue supporting Uganda’s key economic sectors.
The AGM also fostered open dialogue between shareholders and leadership, underscoring dfcu’s commitment to transparency and inclusive governance.
