Equity dividend jumps as profit hits Sh44 billion

Equity CEO James Mwangi

Equity Group CEO James Mwangi.

Photo credit: File | Nation Media Group

Equity Group has increased dividend payout by 33 percent to Sh4 per share for the year ended December, joining other listed lenders in rising payments.

The payout, amounting to Sh15.1 billion, is a rise from the Sh3 per share or a total of Sh11.3 billion paid the previous year and came on the back of a 14.6 percent growth in net profit to Sh44.8 billion.

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