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Saccos to share Sh3.8b Co-op Bank dividend cheque

Co-op Bank Group CEO Gideon Muriuki. [File, Standard]

Savings and Credit Cooperative Societies (Saccos) are in line for a Sh3.79 billion dividend cheque from the Cooperative Bank of Kenya, pushing their cumulative receipts to Sh25.3 billion in seven years.

The payout, set for mid-June, comes after Co-op Bank Board recommended Sh1 per share dividend amounting to Sh5.86 billion, with Saccos emerging the biggest winners.

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