The National Treasury has today received Sh2.12 billion in Kenya Cormercial Bank (KCB) dividends payout.
KCB had announced a final dividend of Sh2.50 per ordinary share during the Annual General Meeting earlier in the month meaning that the Bank Group paid out the total dividend of Sh3.50, taking into account the one shilling interim dividend announced back late last year. This brings up the disbursements KCB has paid in dividends to the government up to Sh12.98 Billion in the past decade.
“KCB has over the years consistently maximized shareholder value and provided an unmatched return on investment to its shareholders and above all, built a sustainable organization.” KCB Group Chairperson Andrew Kairu stated.
GOK is biggest shareholder in KCB, owning 19.76pc stocks. The National Social Security Fund (NSSF) follows at second with a 7.12pc stake.
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