Dividends Declared in 2026: Uganda USE Companies — Amounts & Payment Dates

Last updated: July 9, 2026 | Reading time: ~6 minutes

Uganda's 2026 dividend season is arriving in the middle of a genuine bull run on the Uganda Securities Exchange — falling interest rates have pushed local capital out of government paper and into equities, and the dividend calendar is a big part of the appeal. The season's first fully confirmed payment in our tracker came from Stanbic Uganda Holdings, which paid USh4.2 per share in May at a ~10.5% declaration yield. Local press reports a much broader wave of declarations behind it.

This tracker covers USE-listed companies with declared 2026 dividend events in our Uganda dividend calendar, supplemented by reported declarations awaiting confirmed dates. Amounts are in Uganda shillings (USh/UGX) per share, gross before the 10% withholding tax on listed-company dividends.

Quick summary:

• 1 dividend fully confirmed with dates in our tracker: Stanbic Uganda's USh4.2 FY2025 final, paid May 30.
• Local press (Daily Monitor) reports seven of the USE's domestic listings have declared 2026 dividends, including MTN Uganda, Airtel Uganda, BAT Uganda and dfcu.
• Uganda withholds 10% on dividends from listed companies (15% for unlisted) — deducted at source.
• Coverage updates as record and payment dates are confirmed by registrars.

> Track live Uganda market data on the USE market desk, or see the continent-wide picture in the 2026 African dividends tracker.

## Confirmed in Our Tracker

Yield at declaration: ~10.5%. Gross, before the 10% withholding deduction.

Stanbic Uganda Holdings — USh4.2 final. Uganda's largest bank by assets anchors the USE's dividend calendar. The FY2025 final — ex May 9, paid May 30 — delivered a double-digit declaration yield, and Stanbic typically pays twice a year, with an interim following its half-year results. For income investors on the USE, SBU is the closest thing to a core holding.

## Declared per Local Press — Dates Pending in Our Tracker

Daily Monitor's 2026 dividend-season coverage reports that seven of the USE's domestic listings have declared dividends. Beyond Stanbic (above), the reported declarations are:

These amounts are as reported by the Daily Monitor and have not yet been verified against registrar notices in our calendar — they move to the confirmed table above once ex-, record- and payment dates are published. MTN Uganda and Airtel Uganda, the exchange's two telecom giants, both operate semi-annual payout cycles, so further interim declarations are likely in H2.

## What Stood Out This Season

Dividends are fuelling the bull run. The Monitor's framing is telling: with Bank of Uganda easing and treasury yields falling, USE dividend yields — Stanbic at ~10.5% at declaration — have become competitive with fixed income for the first time in years, pulling pension and retail money into the equity market.

The telecom duo broadens the base. Since the MTN Uganda (2021) and Airtel Uganda (2023) IPOs, Uganda's dividend season is no longer a banks-only event. Two large, cash-generative telecoms paying semi-annually gives the USE a payout depth it simply did not have five years ago.

BATU's big per-share number. At a reported USh199 per share, BAT Uganda continues the tobacco-sector pattern seen across African exchanges: high payout ratios and headline per-share amounts far above the market norm.

## How Uganda's Dividend Tax Works

Uganda applies a 10% withholding tax on dividends paid by companies listed on the USE — a preferential rate versus the 15% charged on unlisted-company dividends. The tax is deducted at source by the registrar; for individual investors it is generally final. Non-residents pay 15% subject to treaty relief.

## How to Track USE Dividends

Our Uganda dividend calendar carries every confirmed USE dividend with ex-dates, record dates, payment dates, declaration yields and USD equivalents at official FX rates. The 2026 African dividends tracker sets Uganda alongside 20 other exchanges.

A note on coverage: only Stanbic's payment is fully date-confirmed in our tracker as of this update. The six press-reported declarations above are included for completeness with their source clearly flagged; this page updates as registrars publish the remaining dates.

## FAQ

Which Ugandan companies have paid dividends in 2026? Stanbic Uganda Holdings is the confirmed payer in our tracker — USh4.2 per share, paid May 30, 2026. Six further declarations (MTN Uganda, Airtel, BATU, dfcu, BOBU, QCIL) have been reported by local press with dates pending.

What is the dividend withholding tax in Uganda? 10% for dividends from USE-listed companies (15% unlisted), deducted at source.

Does MTN Uganda pay dividends twice a year? Yes — MTN Uganda operates a semi-annual payout cycle (interim plus final), as does Airtel Uganda.

## Sources

• Mansa Markets Uganda dividend calendar — compiled from company declarations and USE notices
• Stanbic Uganda Holdings — FY2025 results and dividend declaration
• Daily Monitor — "What explains the bull run on Uganda's stock market?" — 2026 dividend-season roundup (monitor.co.ug)
• Uganda Revenue Authority — withholding tax on dividends of listed companies

This tracker is for informational purposes only and does not constitute investment advice. Declared amounts and dates can change if companies amend payment schedules after publication.