Safaricom shareholders have approved a final dividend of KSh0.65 per share, amounting to KSh26.04 billion for the financial year ended 31st March 2024.
- This follows an interim dividend of KSh0.55 per share, totaling KSh22.04 billion, that was paid in March 2024 bringing the total dividend payout for the year to KSh1.20 per share, representing a total of KSh48.08 billion.
- The telco maintained a KSh1.20 per share dividend in net profit for the full fiscal year 2024, having recorded a mild 1.2% jump in profit after tax to shareholders in the period.
- The strong performance was buoyed by a surge in service revenue in the Kenyan unit, particularly MPESA. However, the Ethiopian subsidiary dragged the overall performance with the board maintaining optimism of a break even scenario.
“In the financial year under review, the business displayed significant resilience in producing outstanding growth in both our top and bottom lines. This enabled us to achieve a major milestone, attaining, in our Kenyan business alone, earnings of more than US$1 billion before tax and interest (EBIT),” said Peter Ndegwa, Safaricom PLC Group CEO.
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