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Stanbic set for record dividend payout as net profit hits Sh13.7b

From left: Stanbic Kenya and South Sudan CEO Joshua Oigara, Chief Financial and Value Officer Dennis Musau, Group Regional Chief Executive East Africa Patrick Mweheire and Stanbic Holdings PLC Chairman Joseph Muganda during the lender's investor briefing in Nairobi, on March 5, 2025. [David Gichuru, Standard]

Stanbic Holdings, a subsidiary of South Africa's Standard Bank Group, Wednesday announced a record dividend payout totalling Sh8.19 billion, riding on earnings growth in the year ended December 2024.

The total payout of Sh20.74 per share is higher by more than a third of the aggregate Sh6 billion or the Sh15.35 per share dividend paid out the previous year by the Nairobi Securities Exchange-listed firm.

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