Posted On: 01-04-2025

Kenyan Banks Reward Investors with Record KSh 85 Billion in Dividends!

Kenya’s top banks have announced a record-breaking dividend payout of KSh 85 billion following an impressive surge in profits, fueled by high interest rates and a strong performance in 2024. This is great news for investors as financial institutions continue to showcase resilience in an evolving economic landscape.

Here’s a breakdown of some of the biggest dividend payouts:

• Standard Chartered Bank Kenya – Total dividend of KSh 45 per share (a 55% increase), driven by a 45% jump in net profit to KSh 20.06 billion.
• Co-operative Bank of Kenya – Declared a final dividend of KSh 1.50 per share, with a profit after tax of KSh 25.5 billion (up 9.8% YoY).
• ABSA Bank Kenya – Announced a final dividend of KSh 1.75 per share, following a 28% profit growth to KSh 20.9 billion.
• KCB Group – Achieved a remarkable 64.9% profit growth, declaring a dividend of KSh 1.50 per share, with a profit after tax of KSh 61.8 billion.
• Equity Bank Group – Paid out KSh 15.1 billion in dividends (KSh 4 per share), benefiting from a 21% increase in net interest income.

These payouts highlight the strength of Kenya’s banking sector and its ability to deliver value to shareholders. As interest rates remain elevated, banks continue to capitalize on strong lending margins and forex gains.

What are your thoughts on this impressive performance? Are you a shareholder in any of these banks? Let’s discuss this in the comments!