Uganda, March 4 -- Airtel Uganda has announced a final total dividend of Shs2.15 per share for 2023 for its investors and for some this will be their second return on investment.

The board of directors of the telecom company suggested that the Shs86 billion payout comes from the company's total retained earnings as of December 31, 2023.

Airtel estimated that by December 31, 2023, its retained earnings would reach Shs27.04 billion, as disclosed in its 2023 IPO prospectus.

The company announced today that, subject to the directors' approval, the dividends will be distributed to shareholders who will be listed on its books by March 26 - on or around April 15.

Airtel made an IPO promise to win over investors; 95 percent of retained earnin...