Shareholders okay Kenya Re Sh840 million dividend pay

Dr Hillary Maina Wachinga.

Photo credit: File | Billy Ogada | Nation Media Group

Kenya Reinsurance (Kenya Re) Corporation shareholders have approved a record Sh0.30 per share dividend amounting to Sh839.9 million.

The State reinsurer raised the dividend by 50 percent from Sh0.2 per share paid for the financial year ended 2022 on the back of the increased profits. Shareholders also approved a bonus share issue that will see them bag one share for each held, translating to an overall Sh6.69 billion.

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Note: The results are not exact but very close to the actual.