A photo opportunity for the delegates at the 60th AGM at Hotel Africana on Thursday, July 10 2025
HABARI DAILY I Kampala, Uganda I Shareholders of dfcu are enjoying the fruits of their wise investment decision, after announcement that a big dividend payout will be effected.
“In recognition of our strong financial results, dfcu declared a final dividend of Shs 20.09 per share, representing a 121% increase from the Shs 9.10 paid in 2023,” reads part of a statement released at the dfcu Limited’s 60th Annual General Meeting held at Hotel Africana in Kampala on Thursday.
The meeting, which saw shareholders participating both physically and virtually, was convened to review the Group’s performance for the financial year ended 31st December 2024.
It was also aimed at passing key resolutions, including the approval of a dividend payout, the re-election and appointment of directors.
Jimmy D. Mugerwa (R), the Chairman of the Board of Directors, dfcu Limited handing over an award to one of the delegates
“This payout follows an impressive 151% rise in Profit After Tax (PAT) to Shs 72.1 billion, up from Shs 28.7 billion the previous year. The dividend will be paid by 30th August 2025, to shareholders on the register as of 8th August 2025,” said Jimmy D. Mugerwa, the Chairman of the Board of Directors, dfcu Limited.
He added that earnings per share have risen to Shs 96.35 from Shs 38.39, highlighting continued profitability and enhanced shareholder value.
Said Mugerwa: “The results we are reporting reflect the continued execution of a robust strategy and the resilience of our business. 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, said that their financial strength is anchored in prudent risk management, strategic investment in innovation and digital infrastructure.
“In addition to this is the deep commitment to serving our customers. We are proud to reward our shareholders following a transformative year,” he noted.
A cross section of the delegates who turned up for the 60th AGM at Hotel Africana on Thursday, July 10 2025
He said that in the FY they managed to experience a151% growth in profit after tax to Shs 72.1 billion
“This was coupled with a 9% growth in total assets, reflecting strong performance and strategic growth initiatives, improved asset quality and capital adequacy, ensuring continued support for Uganda’s key economic sectors,” he said.
The AGM also provided an opportunity for shareholders to engage with the Board and Executive Management, reflecting dfcu’s commitment to transparency, accountability, and inclusive governance.
dfcu Limited is a financial institution in Uganda, originally established in 1964 as a development finance company. It later diversified into commercial banking and other financial services, including leasing and real estate management. On the other hand, dfcu Bank is the banking subsidiary of dfcu Limited.
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