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Safaricom maintains dividend as Ethiopia unit drags profits
From left: Safaricom Telecommunications Ethiopia CEO Wim Vanhelleputte, Safaricom Chief Executive Peter Ndegwa and Chief Finance Officer Dilip Pal during the firm's 2023/2024 half-year financial results briefing on November 9, 2023, at Michael Joseph Centre.
Safaricom has maintained a Sh1.20 per share dividend amounting to Sh48.08 billion after net profit grew by 1.2 percent to Sh62.99 billion.
The telco announced Thursday that its board has recommended a final dividend of Sh0.65 per share amounting to Sh26.04 billion to add to the Sh0.55 per share interim dividend totalling Sh22.04 billion declared in February.
