• Contact Us
  • About Us
  • Advertise
  • Donate
  • Login
Watchdog Uganda
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News
No Result
View All Result
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News
No Result
View All Result
Watchdog Uganda
No Result
View All Result

dfcu announces dividend payout to its stakeholders

Watchdog Uganda by Watchdog Uganda
12 months ago
in Business, Finance
2 0
ShareTweetSendShare

Kampala, Uganda – dfcu Bank held its Annual General Meeting (AGM) yesterday at Hotel Africana, bringing together shareholders from across the country to deliberate on the future of the business. At the meeting, the company announced the declaration of a dividend payout to its shareholders. This decision underscores dfcu’s commitment to sustainably grow stakeholder value with Innovative Solutions, Inclusivity and Empowered People. 

During the AGM, Jimmy D. Mugerwa, Chairman of the Board of Directors of dfcu Limited, shared the bank’s milestones and new strategies aimed at harnessing other business opportunities to enhance shareholder value, customer experience, and satisfaction. Notably, dfcu Bank achieved a significant milestone by raising its share capital to the new statutory limit of UGX 150 billion well in advance of the June 2024 deadline, without calling on its shareholders for additional capital.

“On behalf of the Board, management, and staff, we are excited to be a part of the dfcu journey that began 60 years ago. As we celebrate this milestone, we are proud to have been one of the first companies to list on the Uganda Securities Exchange 20 years ago, allowing you, our shareholders, to directly take part in this journey,” said Jimmy Mugerwa.

dfcu Bank remains deeply committed to uplifting the communities it serves. With a 54-branch network, the bank has undertaken impactful local initiatives, complemented by transformative programs such as Women in Business, Rising Woman, the SME Business Accelerator, and the Agribusiness Development Centre. These initiatives have made significant strides in fostering the bankability of Farmer-Based Organizations (FBOs), Small and Medium Enterprises (SMEs), and Savings and Credit Cooperatives (SACCOs).

Commenting on the bank’s performance and future prospects, Charles Mudiwa, CEO of dfcu Bank, said, “Our focus on innovation, customer satisfaction, and community development continues to drive our success. We are committed to delivering value to our shareholders and ensuring that our products and services meet the evolving needs of our customers. The initiatives we have in place are designed to support growth and resilience in the communities we serve.”

The company’s share price, determined by market forces of demand and supply, stands at UGX225 per share, moved mainly by retail trades with few shares traded on the counter. The company remains attractive, and the share price is expected to rise in the future. The company will pay out the proposed dividend if approved by the 30th of August 2024.


Do you have a story in your community or an opinion to share with us: Email us at editorial@watchdoguganda.com
ShareTweetSendShare

Related Posts

Agriculture

Dr. Sudhir Ruparelia to Headline UK-Africa Business Summit in London on 12 September 2025

1st July 2025 at 14:24
Speke Resort Munyonyo Hosts Groundbreaking Leadership Training for Senior Staff
Business

Speke Resort Munyonyo Hosts Leadership Training for Senior Staff

1st July 2025 at 14:06
Business

Victoria University Strengthens Ties with Busoga Kingdom Through Educational Partnership

1st July 2025 at 13:40
Next Post

"Irresponsible media coverage is dangerous to the country," says President Museveni

  • Prostitution in Uganda- Courtesy Photo

    10 dangerous hotspots known for prostitutes in Kampala

    1099 shares
    Share 440 Tweet 275
  • LIST: New salary structure for civil servants starting July 2020 out; scientists, lecturers get juicy pay rise

    2282 shares
    Share 913 Tweet 571
  • Uganda’s Billionaires 2025: Once Again Sudhir Ruparelia Leads a Resilient Pack

    39 shares
    Share 16 Tweet 10
  • Pastor Bugingo Seeks Reconciliation with Teddy and Children, Prays for Makula’s Twins

    18 shares
    Share 7 Tweet 5
  • LIST : Gov’t releases Revised Salary Structure for Teachers, Police, and Prisons Staff for FY 2024/2025

    112 shares
    Share 45 Tweet 28
Facebook Twitter

Contact Information

Watchdog Uganda is a portal for solution journalism, trending news plus cutting edge commentaries in the fields of politics, security, business, tourism, entertainment, technology, agriculture, climate change, environment, public health et al. We also give preference to Ugandan community news and topical discussions. The portal also publishes community news and topical discussions.

Email: editorial@watchdoguganda.com
To Advertise:Click here

Latest News

Dr. Sudhir Ruparelia to Headline UK-Africa Business Summit in London on 12 September 2025

1st July 2025 at 14:24
Speke Resort Munyonyo Hosts Groundbreaking Leadership Training for Senior Staff

Speke Resort Munyonyo Hosts Leadership Training for Senior Staff

1st July 2025 at 14:06

Check out

  • Trending
  • Comments
  • Latest
Minister Muruli Mukasa

LIST: New salary structure for civil servants starting July 2020 out; scientists, lecturers get juicy pay rise

24th May 2020 at 10:45
Pregnant woman

Shock as 17-year old boy impregnates his two sisters during Covid-19 lockdown 

17th June 2020 at 08:17
Sudhir Ruparelia is set to speak at business forum in United Kingdom

Billionaire Sudhir’s wisdom on how to invest in real estate

0

How a boy’s destiny turned from cotton grower to communications guru

0

Dr. Sudhir Ruparelia to Headline UK-Africa Business Summit in London on 12 September 2025

1st July 2025 at 14:24
Speke Resort Munyonyo Hosts Groundbreaking Leadership Training for Senior Staff

Speke Resort Munyonyo Hosts Leadership Training for Senior Staff

1st July 2025 at 14:06

© 2025 Watchdog Uganda

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News

© 2025 Watchdog Uganda