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Eveready to pay surprise dividend after plant sale

Eveready East Africa Chairperson Lucy Waithaka (right) and Managing Director Jackson Mutua address journalists after an extraordinary general meeting in Nakuru. [PHOTO: KIPSANG JOSEPH/STANDARD]

Loss-making battery seller Eveready expects to pay a dividend to its shareholders since 2008 after the sale of the firm’s most valued asset based in Nakuru.

Details of the dividends remain scanty. The firm has also announced plans to move its head offices to Nairobi after disposing its dry cell manufacturing plant in Nakuru.

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