Safaricom to pay record Sh58 billion dividend

The company, however, stated that its foray into broadcasting and home broadband through the Big Box launched in May last year has not performed as well as hoped with the telco looking to leverage on new partnerships to drive adoption. PHOTO: COURTESY

Communications service provider Safaricom will pay out a record Sh57.6 billion in dividends following yesterday’s approval by shareholders.

The dividend payout, which is the largest ever made by a Kenyan listed company, will see each shareholder take home 76 cents for each share held plus an additional special dividend of 68 cents per share amounting to Sh30 billion and Sh27 billion respectively.