Kenya Re maintains Sh840m dividend as net profit retreats

Kenya Reinsurance (Kenya Re) Managing Director Dr Hillary Wachinga.

Photo credit: Bonface Bogita | Nation Media Group

Kenya Reinsurance Corporation (Kenya Re) has maintained a Sh839.94 million dividend despite net profit retreating by 10.8 percent to Sh4.44 billion in the financial year due to foreign exchange losses.

The Sh839.94 million translates to a dividend payout of Sh0.15 per share and comes in the first financial year since Kenya Re declared a bonus issue that saw the number of its issued shares double.

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