Safaricom cuts interim dividend for first time after profit drop

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Safaricom PLC CEO Peter Ndegwa. FILE PHOTO | DIANA NGILA | NMG

Safaricom has trimmed its interim dividend by Sh2.4 billion on the back of reduced earnings in the half-year period, marking the first cut since it started distributing profit to shareholders before the end of a financial year.

The giant telco’s board has approved a payout of Sh0.58 per ordinary share, or an equivalent of Sh23.24 billion, for shareholders on record by March 15.

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