Quality Chemical Industries Limited (QCIL) has declared an interim dividend of sh1.6 per share to shareholders.

    The decision to declare dividend was attributed to the availability of retained earnings, a resilient cash flow position, and optimistic forecasts for future performance, the company said in a statement.



    The record date for the dividend has been set for February 29, 2024, with payment scheduled to be made to shareholders by March 15, 2024.

    The drug manufacturer paid a final dividend totaling to sh9.1b or sh2.5 per share on September 28, 2023 for the period ending FY2023.

    In 2023, Africa Capitalworks SSA 3 completed the acquisition of 1,869,170,684 ordinary shares or 51.18% stake in Cipla Quality Chemical Industries Limited from Cipla (EU) Limited and Meditab Holdings Limited for $25m on November 14, 2023.

    The transaction led to a name change by management from Cipla Quality Chemical Industries Limited to Quality Chemical Industries Limited (QCIL).



    NATION MEDIA GROUP 626.16+4.03%12/04
    CENTUM INVESTMENT238.76+1.14%12/04
    UMEME 443.00+0.23%12/04
    EAST AFRICAN BREWERIES 3,964.73-3.31%12/04
    BANK OF BARODA (UGANDA) 16.50-2.08%12/04
    NIC HOLDINGS6.00-1.64%12/04
    EQUITY BANK 1,366.44-1.06%12/04
    KENYA AIRWAYS 112.07-0.10%12/04
    BANK OF BARODA (UGANDA) 16.50176,30012/04
    NIC HOLDINGS6.00166,40012/04
    MTN UGANDA170.0011,35012/04
    AIRTEL UGANDA80.0010,00012/04
    UMEME 443.0020012/04

    🇺🇬 Ugandan Shilling

    african indices

    BSE DCI9,087.92-0.03%12/04
    DSE ASI1,783.40-0.09%12/04
    EGX 3028,503.75+1.25%08/04
    JSE ASI75,311.75+0.01%12/04
    LuSE ASI12,770.30+0.03%12/04
    MSE ASI115,642.22-12/04
    NGX ASI102,314.56-0.71%12/04
    NSE ASI110.63+0.40%12/04
    NSX OI1,555.84-0.16%12/04
    RSE ASI144.71-0.14%12/04
    SEM ASI1,967.17+0.09%12/04
    USE ASI1,053.27-0.65%12/04
    ZSE ASI100.39+1.73%12/04