Nairobi, April 30 -- TotalEnergies Marketing Kenya has raised its dividend payout by 46.5 percent to Sh1.92 per share totalling Sh336.1 million on increased profit for the financial year ended December 2023.

The proposed dividend is a rise from Sh1.31 per share or Sh229.3 million the oil marketer paid in the previous year. The increased dividend is on the back of net profit rising 23.6 percent to Sh4.62 billion from Sh3.8 billion. The firm said it plans to pay the dividend on or around July 31 to shareholders on the register as of June 27.

TotalEnergies' net revenue hit Sh120.7 billion, being a 17.4 percent growth from Sh102.8 billion recorded a year earlier.

Other income increased to Sh2.07 billion from Sh1.58 billion. TotalEnergies a...