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The Board of Directors of the Nairobi Securities Exchange have declared a special dividend of Sh 0.50 per ordinary share at its meeting held on 26th November 2021.

 

The board has fixed 17th December, 2021 as the record date for determining the members entitled to receive the special dividend.

 

“The payment is subject to witholding tax, where applicable and will be paid by 31st December 2021 to members on the register at the close of business on 17th December 2021.” The company’s CEO Geoffrey O. Odundo noted in a statement to shareholders.

 

 

Nairobi Securities Exchange Financials

The Nairobi Securities Exchange (NSE) reported an unaudited Half-Year Net Profit of KSh 77.4 Million, a 30% reduction from KSh 110.7 Million for the six months that ended on 30th June 2020.

 

The Group’s revenues also fell 5% from KSh 292.4 Million in the six months ended 2020 to KSh 276.5 Million in a similar period in 2021.

 

The Exchange recently rolled out day trading on 22nd November 2021 as part of a strategy by the bourse to enhance market liquidity as well as increase investor participation in the local stock market.

 

Kenyan Wallstreet