By Charles Were
Safaricom investors will enjoy their share of the company’s Kshs 62.49 billion in profits which will comprise of the Telco’s retained earnings. The profits rose from last year’s Kshs 55.29 billion. The company’s Earnings
The payout was approved by shareholders during the company’s 2019 Annual General Meeting, a total dividend of Kshs 1.87 would be paid per share which is 70% increase from last year’s Kshs. 1.25 per share.
The massive difference in the two years’ revenues is because of the Telco’s increased profits which motivated a special dividend. Last year, Safaricom did not have a special dividend payout
The Kshs 74.92 billion payout would include Kshs 50.08 billion for ordinary shares as well as Kshs 24.84 billion in special dividends.