Co-operative Bank dividend up 25pc as profit increases

The Co-operative Bank Group #ticker:COOP has increased dividend payout by 25 percent to Sh5.86 billion as full year net profit grew by 11.6 percent to Sh12.7 billion.

Shareholders are set for Sh1 per share, up from Sh0.80, with the group’s earnings for the year ended December 2018 supported by growth in interest income and prudent cost management.