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IM ups dividend after posting a net profit of Sh12.6b

I&M Group Regional CEO Kihara Maina gives an address during the release of the group's 2023 results. [Wilberforce Okwiri, Standard]

I&M Group has raised its dividend payout by double-digits after booking a 12.70 per cent growth in net profit to Sh12.6 billion for the year ended December 2023, the lender announced yesterday.

The top-tier lender's board has recommended a dividend payout of nearly Sh4.22 billion, a 13.33 per cent rise over Sh3.72 billion a year earlier.

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