Safaricom
Safaricom CEO Peter Ndegwa.

Tech giant Safaricom is set to pay the second-ever interim dividend of 64 cents per share for a total of Kes25.6 billion for the year closing March 31.

The dividend is payable on March 17, the firm said in a statement Friday.

In February last year, Safaricom declared its first-ever interim dividend at 45 cents per share equivalent to Kes18 billion.

The dividend will be 42.44 percent higher or Kes7.64 billion more compared to the amount wired to shareholders in 2021.

“The board of Safaricom is pleased to announce that at its meeting that was held on February 24, 2022, it was resolved to approve payment of an interim dividend of Sh0.64 per ordinary share held amounting to Sh25.6 billion,” Safaricom said in a statement.

With a shareholding of 35 percent, the National Treasury will emerge as one of the biggest beneficiaries of the surprise dividend banning a total of Kes8.9 billion.

For their combined 40 percent stake in Safaricom, tech heavyweights Vodacom Group Limited and Vodafone Group Plc will be getting a whooping Kes10.2 billion.

The Nairobi Securities Exchange-listed telco net profit for the six months to September went up 12.1 percent to close at Kes37.05 billion.

[email protected]

Leave a comment