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