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Bamburi’s Sh8.6bn dividend beats six-year payouts on deal
Bamburi Cement PLC Chief executive officer Mohit Kapoor during the release of their 2023 financial year results at Villa Rosa Kempinski, Nairobi on April 17, 2024.
Bamburi shareholders are set to receive Sh8.61 billion as dividends this year, surpassing the cumulative payouts they have netted from the cement firm in six years and underlining the gains from the sale of the Ugandan subsidiary.
The board last Friday proposed a Sh18.25 per share special dividend amounting to Sh6.62 billion as part of the $84 million (Sh10.83 billion) that Bamburi received from the sale of its 70 percent stake in Ugandan subsidiary, Hima Cement in March.
