Top Kenyan investors earn Sh44 million MTN Uganda dividend

MTN Customer care staff attend to data and bundles clients during an MTN EXPO in 2018. PHOTO | MORGAN MBABAZI | NMG

Top Kenyan investors in MTN Uganda earned Sh44.7 million (Ush1.22 billion) in dividends in the financial year ended December 2023, when the telco reported a 21.4 percent profit jump to Sh18 billion (Ush493 billion) in the period.

For the 2023 financial year, MTN Uganda is paying shareholders a total dividend of Ush18 (Sh0.66) per share, representing an increase of 13.2 percent from the 2022 payout of USh15.90 (Sh0.58) per share.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.