Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Safaricom owners get Sh38 billion dividend windfall
Safaricom chief executive Bob Collymore speaks during the release of the company’s full-year financial results at Safaricom House in Nairobi on May 10, 2017. Looking on is Safaricom’s chief financial officer, Sateesh Kamath. PHOTO | SALATON NJAU
Telecoms operator Safaricom’s #ticker:SCOM super-profits have left shareholders with a Sh38.9 billion windfall, earning the company yet another distinction of paying out the largest dividend ever in Kenya’s corporate history.
Safaricom on Wednesday reported that it had posted a net profit of Sh48.4 billion in the year to March 2017 and that it would pay shareholders Sh0.97 for every share held — a 27.5 per cent increase from last year’s payout.
