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BAT slams brakes on 100pc profit payouts
From left: BAT Kenya chairman George Maina, managing director Beverley Spencer-Obatoyinbo and legal and external affairs head Simukai Munjanganja during the firm’s AGM in Nairobi on Friday. PHOTO | SALATON NJAU | NMG
Cigarette maker BAT Kenya #ticker:BAT has slammed brakes on its longstanding policy of paying out almost the entire net earnings as dividend.
British American Tobacco Kenya (BAT) broke with the tradition in the distribution for the year ended December, which amounted to 78 per cent of net profit or Sh26 per share.
