Inside NSE firms raising dividends despite fall in profits

Securities trader Mbuthia Irungu at Nairobi Securities Exchange (NSE) trading floor at the Exchange building in Nairobi on August 26, 2020.

Photo credit: File | Nation Media Group

More firms listed on the Nairobi Securities Exchange (NSE) have defied profit drops to increase dividend payouts amid pressure on management to share the falling earnings.

Regulatory filings indicate that nine firms increased or maintained dividends despite a fall in profits, while a further nine raised the shareholder payouts at a faster rate than earnings growth.

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