Safaricom has announced dividend to its shareholders. The telco’s board announced the dividends after a meeting on February 12, 2025.
In a statement dated February 13, 2025, Safaricom’s Ag. Company Secretary Linda Wambani said the Board resolved to pay an interim dividend of Ksh 0.55 per ordinary share (Ksh22.04 billion) for the year ending March 31, 2025.
“The Board of Safaricom PLC is pleased to announce that at its meeting held on 12th February 2025, it was resolved to approve payment of an interim dividend of Kshs. 0.55 per ordinary share for the year ending 31st March 2025,” said Wambani.
The interim dividend is payable to shareholders on the register of members as at the close of business on March 3, 2025, and will be paid on or about 31st March 2025.
This was after a drop in its profit.
Safaricom drops profit
Safaricom’s half-year profit for the period ending September 2024 fell by 17.7% to Ksh28.1 billion. This was due to a depreciation of the Ethiopian currency, the Birr.
The birr depreciated by 51.5% over the period, forcing Safaricom to revalue its liabilities
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Mr Adil Khawaja, Chairman of the Board said: “I am encouraged by the resilience demonstrated to deliver a very strong set of financial results, which enabled us to pay a similar dividend to last year’s despite the startup losses in Ethiopia. This success is attributable to strong strategy execution which has once again guided our decisions to deliver for our shareholders while giving more value to our customers.”
Previous dividend
In its last Annual General Meeting (AGM) held in July 2024, shareholders approved a final dividend of Ksh0.65 per share, amounting to Ksh 26.04 billion for the financial year ended 31 March 2024.
This came after an interim dividend of Ksh0.55 per share, totaling Ksh 22.04 billion, that was paid in March 2024, bringing the total dividend payout for the year to Ksh 1.20 per share, representing a total of Ksh 48.08 billion.
Safaricom PLC is listed on the Nairobi Securities Exchange – NSE and is regulated by the Capital Markets Authority.
