Nairobi, Feb. 22 -- Safaricom has announced a Sh0.55 interim dividend per share amounting to Sh23.03 billion, marking the second consecutive year the telco is cutting the payout to investors.

The telco said Thursday the board had approved the payout related to the financial year ending March 2024 in a meeting held a day earlier.

"The board of Safaricom PLC is pleased to announce that at its meeting that was held on 21 February 2024, it was resolved to approve the payment of an interim dividend of Sh0.55 per ordinary share held amounting to Sh23.03 billion, for the year ending 31 March 2024," it said.

"The interim dividend will be payable to shareholders on the register of members as at the close of business on 15th March 2024 and will ...