Bank gets nod on Sh5.9b dividend

Co-operative Bank Managing Director Dr Gideon Muriuki, Bank Chairman John Murugu and Vice-Chairman Macloud Malonza getting ready to host the bank’s virtual Annual General Meeting at the bank’s boardroom Thursday 22 October 2020. The AGM ratified the Sh5.9 dividend paid out to shareholders in April this year, and the acquisition of Jamii Bora Bank, now renamed Kingdom Bank. [Photo: Standard]

Co-operative Bank shareholders yesterday ratified a dividend payout of Sh5.9 billion, bucking a trend where lenders have recalled the payment.