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Safaricom cuts interim dividend for second straight year to Sh23bn
From left: Safaricom Telecommunications Ethiopia CEO Wim Vanhelleputte, Safaricom Chief Executive Peter Ndegwa and Chief Finance Officer Dilip Pal during the firm's 2023/2024 half-year financial results briefing on November 9, 2023, at Michael Joseph Centre.
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.
