Kapchorua, Williamson tap retained earnings to pay out mega dividends
Nairobi, June 28 -- Listed agricultural firms Williamson Tea Kenya and Kapchorua Tea Kenya will dip into their retained earnings to pay larger dividends that surpass their net incomes in the year ended March 2026.
Williamson Tea Kenya tripled its dividend payout to Sh525.3 million in the review period when it returned to profitability, riding on cost cutting.
It had paid a dividend of Sh175.1 million for the prior year. The company reported a net profit of Sh120.7 million in the review period compared to a net loss of Sh166.4 million the year before.
The higher profit saw the firm declare a first and final dividend of Sh15 per share, up from the previous Sh10 per share. The new dividend will be paid on a larger number of shares of 35.0...
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