The government's shareholding in listed firms has proved to be a mixed bag with the National Treasury winning some and losing others. On Wednesday, KCB Group Plc paid Sh2.12 billion in dividend earnings to the government, remaining among the few consistent entities to guarantee a return on investment to Treasury. KCB's dividends for the year ending December 2019 is made up of Sh1 interim dividend and Sh2.50 final dividend—the highest amount KCB has ever paid in dividends to the government. On June 4, during the 2019 Annual General Meeting, KCB Group shareholders approved a Sh11.1 billion total dividend payout. The 2019 dividends are on the back of a five per cent growth in profit after tax for the year which closed at Sh25.2 billion.

Source: The Star June 19, 2020 00:56 UTC