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From Left:Paul Russo, KCB Group CEO and Joseph Kinyua,Group Chairman during the 54th Annual General Meeting AGM held in Nairobi.
- KCB Shareholders Approves KES9.6Bn Dividend
KCB Group Plc shareholders have approved a total dividend payout of KShs. 9.6 billion for the 2024 financial year, signaling a continued commitment to shareholder returns as the Group seeks to consolidate its growth ambitions across the East African region.
According to KCB, the shareholders approved a final dividend of sh1.50 per share at the Annual General Meeting AGM) in Nairobi on Thursday, as recommended by the Board.
“The dividend shall be paid on or about May 23, 2025, net of withholding tax to the shareholders on the members’ register at the close of business on April 3, 2025,” read part of the statement.
This together with an interim dividend of sh. 1.50 per share paid on October 23, 2024, brings the total dividend paid for the year to sh. 3.00 per share, equivalent to Sh. 9.6 billion.
This coupled with a share price appreciation of 90.0 percent recorded in the year amounts to a total shareholder return of 97.2 percent in 2024 up from -42.5 percent in 2023.
Speaking during the AGM, Paul Russo, KCB Group CEO, said that KCB focus remains on leveraging the Group’s scale, capabilities and partners, to deepen financial inclusion and avail the relevant products and services that contribute to economic growth, sustainability, and shareholder value.
“The past year provided the Bank with an opportunity to showcase its resilience underscoring the strength of our fundamentals, strategic direction, and leadership depth,” Russo said.
KCB Group Plc is a Non-operating holding company, whose subsidiaries provide banking and financial services focused on the fast-growing East African region, through eight commercial banks in seven countries, and strategic Bancassurance, investment and Asset Management arms.
