The number of corporates dishing out dividends to shareholders for the year ending December has risen, pointing to improved profits and a bright economic outlook. The Nairobi Securities Exchange (NSE) on Friday joined a growing list of firms that paid or declared interim dividends for investors. The NSE board announced a surprise special dividend of […]
Bank investors are set for a significant increase in dividend income in the next five months as the listed lenders make cash distributions for the year ending December amid improved profitability and brighter economic prospects. KCB Group #ticker:KCB, Standard Chartered Bank Kenya #ticker:SCBK and Stanbic Holdings #ticker:SBIC have paid or declared interim dividends totalling Sh5.7 […]
Standard Chartered Bank Kenya ( NSE:SCBK ) reported a 46.6 percent net profit growth in the nine months ended September on the back of lower costs and higher non-interest income. Its net earnings in the review period stood at Sh6.3 billion, up from Sh4.3 billion a year earlier. StanChart declared a surprise interim dividend of […]
KCB Group #ticker:KCB has declared an interim dividend of Sh1 per share after its net profit more than doubled to Sh25.1 billion in the nine months ended September. The lender becomes the second to declare a surprise interim dividend for the third quarter after Standard Chartered Bank Kenya #ticker:SCBK which has proposed a payout of […]
Business arrow graph chart shows business success. [Getty Images] Banks’ pretax profits for the nine months to September grew by 63.1 per cent, overtaking 2020 full-year earnings on the back of increased lending and reduced loan defaults. New data from Central Bank of Kenya (CBK) shows the earnings hit Sh145.48 billion in the review period, […]
KCB Group #ticker:KCB has declared an interim dividend of Sh1 per share after its net profit more than doubled to Sh25.1 billion in the nine months ended September. The lender becomes the second to declare a surprise interim dividend for the third quarter after Standard Chartered Bank Kenya #ticker:SCBK which has proposed a payout of […]
Standard Chartered Bank Kenya #ticker:SCBK reported a 46.6 percent net profit growth in the nine months ended September on the back of lower costs and higher non-interest income. Its net earnings in the review period stood at Sh6.3 billion, up from Sh4.3 billion a year earlier. StanChart declared a surprise interim dividend of Sh5 per […]
Standard Chartered Bank Kenya #ticker:SCBK has reported a 46.7 percent jump in net profit for the nine months to September, helped by an increase in foreign exchange earnings and reduced operating expenses. The Nairobi Securities Exchange-listed bank recorded Sh6.35 billion in profit after tax from Sh4.33 billion posted in a similar period last year. The […]
East African banks remained resilient with higher Return on Equity (ROE) for the 12 months to September 30 signalling a relatively healthy performance for the regional lenders with shareholders deriving value from their investments amid the Covid-19 pandemic. FILE PHOTO | COURTESY Latest quarterly market report by analysts at AfricanFinancials Group shows that Kenyan banks […]
East African banks remained resilient with higher Return on Equity (ROE) for the 12 months to September 30 signalling a relatively healthy performance for the regional lenders with shareholders deriving value from their investments amid the Covid-19 pandemic. FILE PHOTO | COURTESY Latest quarterly market report by analysts at AfricanFinancials Group shows that Kenyan banks […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.