Co-op Bank owners recoup capital from large dividends

A Co-operative Bank branch in Nairobi. FILE PHOTO | NMG

Co-op Bank’s #ticker:COOP owners will recoup their entire capital from dividends alone this year, with long-term investors such as Co-op Holdings Co-operative Society and the lender’s CEO Gideon Muriuki recording the largest returns.

The Nairobi Securities Exchange-listed firm went public in 2008 at an offer price of Sh9.5, equivalent to an aggregate value of Sh33.2 billion.

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