The National Treasury has reported a dip of 21.9 percent in its share of profits from ownership at the NSE-listed equity firms. In its latest payouts, the State financier has recorded the backdrop to the tune of Sh22.13 billion amidst worsening market performance.
Safaricom took the bulk of the share payout with the giant telco accounting for 88.7 percent or Sh19.63 billion. This comes after the telco recommended an increased dividend payout to Sh1.40 per share payout for the government’s 35 percent stake.
KCB came in second, earning the government dividend from its stake. The state stake in the financier grew to 19.76 percent, which sees a dividend payout Sh2.19 billion from the Sh2.5 per share price.
Stanbic Bank also sees its 1.1 percent government stake give out a dividend payout edge at Sh30.66 million at Sh7.05 per share. This was a rise from Sh25.22 million payout last year .
The publicly listed firms with government stakes took a dividend drought.
Among these were vital firms such as Mumias Sugar(20 percent), KenyaPower(50.086 percent), KenGen(70 percent), and Uchumi(14.67 percent). Kenya Airways(48.9 percent), Liberty Kenya(0.86 percent), Housing Finance(2.41 percent), and East African Portland Cement(25.3 percent) make up the rest with zero payouts.