Co-op Holdings Cooperative Society receives Sh3.78b dividend from Co-op Bank

(Left to right) The Chairman Co-operative Bank John Murugu flanked by the bank’s Managing Director Gideon Muriuki present a dividend cheque of Sh3.8 billion to the Chairman of Co-op Holdings Co-operative Society Macloud Malonza. Sacco shareholders in Co-op Bank stand to earn a record dividend totaling Sh3.8 billion following the approval of dividend by the Co-op Bank AGM held at the Bomas of Kenya on Thursday 23 May 2019.

Co-operative Bank’s shareholders will recoup their investment in full this year from dividend payouts with Co-op Holdings Co-operative Society getting the largest payout of Sh3.78 billion.

This year’s dividend payment is the highest ever, and matches the entire initial investment by the Co-operative Movement in the Bank thereby enabling them to annually literally recoup their investment in full, and has  been regarded as ‘Shilling-for-Shilling’ dividend payout.