The National Treasury’s share of dividends from its ownership of Nairobi Securities Exchange (NSE)-listed companies has dipped 21.9 percent to Sh22.13 billion in latest payouts in the absence of special dividend from Safaricom and as most State-owned firms posted a dip in earnings.
Only three out of the 11 publicly listed firms in which government owns a stake declared dividends as other key firms such as Kenya Power #ticker:KPLC, Mumias Sugar #ticker:MSC and Uchumi #ticker:UCHM extended dividend drought on the back of worsening performance.
