Investors dividend payouts offer relief in pandemic year

SAFARICOM-AGM

Safaricom shareholders during an annual general meeting at the Bomas of Kenya in Nairobi on August 30, 2019. FILE PHOTO | NMG

Companies have resumed paying dividends to shareholders despite a difficult year as a result of the coronavirus pandemic that led to calls to conserve cash.

When the Covid-19 pandemic struck last year, it negatively affected the performance of many firms. Some resorted to suspend cash distributions forecasting weaker earnings. The pre-emptive move was meant to ensure they had ample liquidity should the pandemic persist.

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