KCB Group Plc shareholders have approved a Ksh9.6 billion total dividends payout for the 2024 financial year, reaffirming a sustained return to shareholders, as it seeks to consolidate its growth across East Africa. The shareholders approved a final dividend of Ksh1.50 per share at the Annual General Meeting in Nairobi on Thursday.
The dividend shall be paid on or about 23rd May 2025 to the shareholders on the members’ register at the close of business on 3rd April 2025. This together with an interim dividend of Ksh1.50 per share paid on October 23, 2024, brings the total dividend paid for the year to Ksh3.00 per share, equivalent to Ksh9.6 billion.
This coupled with a share price appreciation of 90.0% recorded in the year amounts to a total shareholder return of 97.2% in 2024 up from -42.5% in 2023.
“Amidst a challenging operating environment, KCB Group remains committed to supporting businesses, individuals, and communities to weather the challenges and, where possible, provide opportunities for growth through its regional footprint and diverse products, services and solutions,” said KCB Group Chairman, Dr Joseph Kinyua.
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On Wednesday, KCB Group reported a profit after tax of Ksh16.53 billion in the first quarter of the year ending March 2025, compared to Ksh16.48 billion reported a similar period last year, with notable growth in key financial metrics. Total revenues rose 2% to Ksh49.4 billion, while the Group’s balance sheet closed the period at Ksh2.03 trillion, from Ksh1.99 trillion on the back of a stable loan portfolio.
The profit before tax contribution by the subsidiaries outside KCB Bank Kenya improved to 32%, resulting from the Group’s focus on deepening regional scale. “The past year provided the bank with an opportunity to showcase its resilience underscoring the strength of our fundamentals, strategic direction, and leadership depth,” said KCB group CEO, Mr Paul Russo.
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