MTN Uganda dividend up 25pc on profit surge

MTN Uganda CEO Sylvia Mulinge.

Photo credit: File | Nation Media Group

MTN Uganda has raised its full year dividend for the year ended December 2024 by 25.6 percent to Ush22.6 (Sh0.79) per share, handing Kenyan investors who bought shares in the company an earnings boost.

The Ugandan telco raised its payout for the period after reporting a 30 percent jump in net profit to Ush641.5 billion (Sh22.6 billion) from Ush493.08 billion (Sh17.3 billion) in 2023.

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