Bank of Baroda (Uganda) Limited has announced that it will be paying its shareholders the final dividend for the year ended December 31st 2020 following receipt of the necessary regulatory approval.
According to Anne T. Mbonye, the Company Secretary, the Company Board of Director’s meeting held on March 24th, 2021 recommended final dividend pay-out of UGX25 Billion (UGX10.00 per share) for the Financial Year 2020.
“The shareholders at the Annual General Meeting (AGM) held on August 26th, 2021, passed a resolution approving the dividend payout proposed by the Board of Directors at the rate of Uganda Shillings 10.00 per share for the Financial Year 2020 subject to approval from Bank of Uganda.”
In a Tuesday statement, Mbonye revealed that Bank of Uganda on June 17th, 2022 conveyed its No-Objection to Bank of Baroda’s request to pay dividends amounting to UGX25 Billion.
She said that the dividend will be paid latest by 4th August 2022 to shareholders on the register at the close of business on July 21st, 2022 at the rate of UGX10.00 per share.
