Shareholders of Equity bank should expect a dividend payout at the end of this financial year, the bank's CEO James Mwangi has said. The payout will end a two-dividend dry spell that has seen the bank reinvest its shareholder earnings. The open policy had allowed Equity to freeze payments as has happened in the last two financial years, as the lender to preserve cash. Equity’s last dividend payout was on the 2018 performance, with shareholders taking home Sh7.54 billion. This saw digital banking transactions grow by 57.6 per cent to 606.9 billion up from 385.2 billion transactions same period the previous year.

Source: The Star August 18, 2021 00:56 UTC