Safaricom’s first-ever Sh18bn interim dividend payment

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Safaricom’s improved financial performance leads to a payment of an Sh18 billion interim dividend.

According to a record noted on March 5, 2021, the dividend will be remitted to shareholders on or about March 31.

“This is in recognition of the company’s solid half-year performance and to support our shareholders during these difficult economic times occasioned by the Covid-19 pandemic,” Safaricom said in a statement.

The National Treasury will receive a gross payment of Sh6.3 billion for its 35 percent share in the firm.

Multinationals Vodacom Group Limited and Vodafone Group Plc will share Sh7.2 billion gross payments for their amalgamated 40 percent interest in the telecommunication firm.

The net profit of Nairobi Securities Exchange-listed company in the half-year ended September sunk by six percent to Sh33 billion, a result of the removal of fees charged on M-Pesa transactions up to Sh1,000.

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Anthony Kiratu is the Founder of Finsolutions. He is a financial analyst with over 5 years experience in research, investment advisory, valuation and financial modelling. Anthony is a member of the Institute of Certified Investment and Financial Analysts and Institute of Certified Public Accountants of Kenya. He is passionate about development of African Capital Markets through training of investors and dissemination of information for sound financial and investment decision making process. He is also a part-time lecturer in the Certified Investment and Financial Analyst course in the subjects of International Finance, Portfolio Management, Equity Investment Analysis, and Fixed Income Securities. Email: anthony@finsolutions.co.ke Contact: +254 780216631

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