Quickmart brings back dividends to NSE's commercial services
Nairobi, Sept. 24 -- The imminent listing of supermarket chain Quickmart is set to bring back dividends to the commercial and services segment of the Nairobi Securities Exchange (NSE), diversifying the options for dividend-chasing investors at the bourse.
Quickmart said in a notice that it will maintain a policy of paying at least 80 percent of its net profit as dividends to investors post-listing, joining a select list of firms that distribute more than three-quarters of net earnings to their owners.
Published by HT Digital Content Services with permission from Business Daily....
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