Bear run lifts dividend yields at Nairobi bourse

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The Nairobi Securities Exchange. FILE PHOTO | DIANA NGILA | NMG

Thirteen listed companies on the Nairobi Securities Exchange now have a dividend yield of more than 10 percent, rivalling and in some cases exceeding returns on the one-year Treasury bill.

The higher cash returns, available to those investing at current market prices, come amid the deepening selloff at the bourse attributed to foreign investor flight.

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