Dividend yields of more than a dozen Nairobi Securities Exchange- (NSE) listed companies are now higher than the prevailing Treasury bill rates, offering alternative investment option in a tough climate.
The prevailing yields on the 91-day, 182-day and 364-day T-bills stand at 6.59 percent, 7.37 percent and 8.99 percent respectively. NSE data shows as per Monday’s share prices, 17 firms had dividend yields that were at least matching or beating the lowest T-bill rate.
