DTB raises dividend as profit grows to Sh6.8bn
Nairobi, March 27 -- DTB Group raised its dividend payout to a record of Sh6 per share for the year ended December when its net profit grew 13.4 percent to Sh6.8 billion on higher interest and transaction-based income.
The company had paid a dividend of Sh5 per share for the prior year. The new dividend, amounting to a total payout of Sh1.6 billion, will be distributed on June 28 to shareholders who will be on record as of May 24.
The dividend represents a payout of 24.3 percent of the net income in the review period, rising from 23 percent in the prior year when the lender posted a net profit of Sh6 billion.
DTB had earlier announced that it would be making incremental dividend payouts comprising the distribution of a higher percentag...
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