The six companies including Bank of Baroda, Umeme, BATU, Dfcu, Stanbic Bank and New Vision all declared dividends payouts for the year ended 2019 after posting impressive performances in which they registered combined profits of Shs533.41b for the year ended December 31, 2019.
However, the other companies including CiplaQCI, NIC and Uganda Clays have not declared any dividend payout due to a fall in income, which has seen them slide into losses.
NSSF, which has stakes in a number of companies such as Uganda Clays, Umeme, Stanbic Bank, Dfcu, New Vision, CiplaQCI and other regional stocks including Safaricom, Equity Bank and KCB, is at least, according to Mr Richard Byarugaba, the Fund's managing director, expected to earn about Shs20b from its shareholding in locally listed companies.
British American Tobacco, which has in the last five years substantially reduced its operations in Uganda, declared a dividend payout of Shs13.72b. while, Dfcu will pay out Shs29.9b from Shs24.6b in 2018.
For the half year ended December 31, 2019, New Vision Printing and Publishing Company Limited declared a dividend payout of Shs1.9b.
Drugs maker CiplaQCI, insurance firm, NIC and Uganda Clays, which recently sacked four top managers including managing director George Inholo, all did not declare dividend payouts due to losses.
