NIC Uganda to pay 10% Dividend

NIC is going to payout a dividend of 5.2/= per share for the period ending December 2010. NIC is paying out 2,113,630,000 Ugx for year end December 2009 compared to the previous year end at 1,225,094,000 Ugx a 72% increase in dividend payout.

A share cost investors 45/= at the recently held IPO in the first quarter of this year 2010, that translates into a 10% dividend payout to investors after taxes (10% withholding tax.
NIC’s price at the Stock Market has been static between 60/= and 63/= per share ever since it was listed on the 25th March 2010.