Umeme dividend up 18pc as earnings increase

Umeme Limited’s share gained 40.3 percent last week in trading at the Nairobi Securities Exchange (NSE). FILE PHOTO | NMG

Uganda’s largest energy distributor Umeme Limited has raised its dividend for the year ended December by 18.6 percent to Sh2.23 per share at current exchange rates after growing its net profit by six percent to Sh5.162 billion.

The company, which is cross-listed on the Nairobi Securities Exchange, had paid a dividend equivalent to Sh1.88 the year before.

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