C
Originally published by Capital Businessbusiness
August 18, 2026
4h ago
Absa hikes dividend 150pc to Sh0.5 per share despite 10pc profit drop
The lender's half-year results for the six months ended June show that shareholders received Sh0.2 per share during a similar period last year...
✨ Key Highlights
Absa Bank Kenya has announced a significant increase in its interim dividend payout by 150 percent to Sh0.5 per share, despite reporting a 10 percent decline in net profit for the first half of the year.
- Shareholders will receive Sh0.5 per share, up from Sh0.2 per share in the previous year.
- The dividend announcement comes from Absa Bank Kenya.
- Net profit for the period fell to Sh10.5 billion from Sh11.7 billion, though the bank cited disciplined investment and prudent risk management for its performance.
Continue Reading
Read the complete article from Capital Business
Advertisement
Related News
Advertisement