CFC Stanbic Holdings declares sh0.73 interim dividend

• The Capital Markets Authority this week approved a rights issue for the holding company which will be starting on September 12th this year.
• The holding company plans to raise Sh4.01 billion through the sale of 121,637,427 new shares in the ratio of four new shares for every nine held to shareholders on the register as at the close of business on August 30th.

CfC Stanbic Holdings, which is the holding company of CfC Stanbic Bank and CfC Stanbic Financial Services on Thursday declared an interim dividend of Sh0.73 per share for the period ended June this year.

The company which announced its half year financial results mid this month has said that the interim dividend will be paid to shareholders on the register as at the close of business on Thursday, 13th September this year.

“The payment of the interim dividend to the members…will be made on 30th October 2012,” said the company in a statement sent to the Nairobi Securities Exchange.

The Capital Markets Authority this week approved a rights issue for the holding company which will be starting on September 12th this year.

The holding company plans to raise Sh4.01 billion through the sale of 121,637,427 new shares in the ratio of four new shares for every nine held to shareholders on the register as at the close of business on August 30th.