EABL interim dividend up for first time in three years

From left-Kenya Breweries Limited Managing Director Jane Karuku, EABL Group CEO, Andrew Cowan and group Chairman Charles Muchene during half-year results announcement last week. PHOTO | SALATON NJAU | NMG

What you need to know:

  • The plan will see EABL pay its 24,923 shareholders a sum of Sh1.97 billion, up from Sh1.58 billion they received a similar time last year when it declared a Sh2 per share dividend.
  • It marks the first time since 2012 for EABL to pay an interim dividend above Sh2 per share.
  • The management attributes this to a strong performance in half year, even as it signals it will maintain or grow final year dividend from Sh5.50 per share.

The East African Breweries Limited (EABL) board has proposed an interim dividend of Sh2.50 per share, matching the payout last seen seven years ago.

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