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Umeme to pay UGX66.4bn in 2018 dividends; earmarks UGX1.7 trillion investment

by Muhereza Kyamutetera 0
(center) flanked by Blessing Nshaho (right) the Chief Corporate & Regulatory Officer, Umeme and Florence Nsubuga. the Chief Operations Officer (left) announce the 2018 results. The power distributor registered a UGX132.8 billion profit.
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The Umeme Annual General Meeting, has today approved a UGX28.2 per share final dividend to all its shareholders for the year ended 31 December 2018. This, in addition to the UGX12.7 interim half-year dividend, adds up to a total of UGX40.9 per share-a 438.2% rise from the UGX7.6 per share that Umeme paid in 2017. In total, the giant utility will fork out up to UGX66.4 billion in dividend

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About the Author

Muhereza Kyamutetera is the Executive Editor of CEO East Africa Magazine. I am a travel enthusiast and the Experiences & Destinations Marketing Manager at EDXTravel. Extremely Ugandaholic. Ask me about #1000Reasons2ExploreUganda and how to Take Your Place In The African Sun.

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