Safaricom is set to give its shareholders a one-off special dividend of Ksh27.5bn due to its cash position according to its Board which met and agreed.
The Board’s decision will see the firm pay Ksh0.68 per share interim dividend to its shareholders at the close of trading on 2nd September 2016. The Ksh 0.68 per share is an additional dividend over and above the Ksh0.76 per share for the year ended 31st March 2016 that the Board is recommending to shareholders at the Annual General Meeting on 2nd September 2016.
Bob Collymore, CEO of Safaricom, said: “There is room for this one-off special dividend of Ksh27.5bn due to the cash position of the company, and the significant retained earnings of Ksh82bn. This is an additional dividend to what we expect to recommend at next year’s AGM for the year ended 31st March 2017. The special interim dividend will be paid out on or prior to 1st December 2016.”