Falling share prices raise banks dividend return

The drop in share prices has lifted the dividend yield on bank stocks to a range of between 5.4 percent and 14.7 percent, enhancing returns for income-focused investors.

The average dividend yield on Standard Chartered Bank Kenya #ticker:SCBK , Absa Bank Kenya #ticker:ABSA , KCB #ticker:KCB , I&M #ticker:IMH , Equity #ticker:EQTY , Co-op Bank #ticker:COOP , DTB #ticker:DTK , NCBA #ticker:NCBA , and Stanbic Holdings #ticker:SBIC now stands at 9.08 percent.