Uganda, April 4 -- Umeme's share price rose on the back of an increase in final year dividend by 22.4 percent to Shs78.2 per share.

The counter, which remains one of the most active despite the expected expiry of the power distributor's 20-year concession in March next year, rose to a high of Shs439.75, which was last observed in June last year.

Umeme, which traded on the Uganda Securities Exchange and is cross-listed on the Nairobi Securities Exchange posted a 9.94 percent increase in value coming on the back a declared final dividend of Shs54.2 for the year ended December 2023, in addition to the Shs24 interim dividend paid last month.

Early this week the company's share price peaked at Shs439.75, the highest level since June last ye...