StanChart raises dividend payout as net profit hits Sh13.8bn

Stanchart

Stanchart CEO Kariuki Ngari addressing shareholders on March 14, 2023.

Photo credit: Wilfred Nyangaresi | Nation Media Group

Standard Chartered Bank Kenya has raised its dividend payout by 31.8 percent to Sh29 per share after net profit for the financial year ended December 2023 rose 15 percent to Sh13.8 billion.

The lender, which had in December paid a Sh6 per share interim dividend, has increased the final payout to Sh23 per share from Sh16 paid a year earlier.

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