Bamburi Cement has raised its dividend payout to shareholders 7.3 times to Sh1.99 billion, in the financial year ended December 2023, on increased cash position and expects to follow up in the coming months with another payout from the proceeds of divesting from the subsidiary it had in Uganda.
The Nairobi Securities Exchange (NSE)-listed lender on Wednesday proposed the payout, which will be a growth from Sh0.75 per share totalling Sh272 million that had been paid previously. The latest dividend will be paid on or about July 25 to shareholders on the register at the end of May 24.
