Co-operatives set for dividend boostMillions of farmers under the co-operative movement will next week receive a stimulus package of sorts as Co-operative Bank of Kenya pays out a record dividend of Sh5.9 billion to shareholders.The hefty dividend payout, the largest in the banking sector so far, is for 2019 when the lender made a net profit of Sh14.3 billion. The listed bank’s board approved a dividend payment of Sh1 for every ordinary share. The bank says the cash will give its shareholders - co-operative societies - a major boost during the tough times. For More of This and Other Stories, Grab Your Copy of the Standard Newspaper. Almost half of Kenyans are either engaged in crop farming or keep livestock as their main source of income.

Source: Standard Digital April 17, 2020 21:09 UTC