Safaricomwill pay an interim dividend of Sh25.64 billion equivalent to Sh0.64 per share for the financial year ended March 31.
The telco in a statement said it will pay the interim dividend on or about March 31 to shareholders on record as of March 17.
“The board of Safaricom is pleased to announce that at its meeting that was held on February 24, 2022, it was resolved to approve payment of an interim dividend of Sh0.64 per ordinary share held amounting to Sh25.6 billion,” Safaricom said in a statement.
The National Treasury will be one of the biggest beneficiaries of the surprise dividend announcement and will get a gross payout of Sh8.9 billion for its 35 percent stake in the firm.
Safaricom is expected to announce a final dividend when it releases its results for the year ending March.
For the year ended March 31 2021, the telco paid an interim dividend of Sh18 billion equivalent to Sh0.45 per share.