Kenya: Absa Hikes Dividend 150pc to Sh0.5 Per Share Despite 10pc Profit Drop

Kenya: Absa Hikes Dividend 150pc to Sh0.5 Per Share Despite 10pc Profit Drop

Nairobi -- Absa Group has increased its interim dividend payout by 150 percent to Sh0.5 per share despite a 10 percent decline in net profit.

ABSA Bank Kenya HY2026 Earnings

Absa Bank Kenya is the latest to join the high dividend tide at the Nairobi Securities Exchange having bumped its interim dividend 150.0% to Kes 0.50/share in its HY2026 earnings. A conversation with the bank’s interim MD & CEO, Yusuf Omari for a deep dive into the HY2026 numbers.

Absa Group offer to buy extra 16.5pc stake in Kenya unit fails

The transaction was expected to lift its stake by up to 16.5 percent, but it only managed to increase the ownership by 3.49 percent.

Absa posts higher half-year profit as credit costs ease

South African lender Absa Group reported an 8% rise in half-year headline earnings on Tuesday, supported by higher revenue and lower credit impairment charges. Headline earnings Headline earnings grew to R12.8-billion in the six-month period ended June 30. Absa, the third-biggest lender by assets in South Africa, declared an interim dividend of 850 cents per share, up 8.3% year on year. Revenue rose 4% to R58.8-billion as net interest income inc…

Absa Group to earn $15.5m dividend from Kenya subsidiary

Absa Group is set to receive a $15.5 million dividend from its Kenyan subsidiary, signaling a strategic push to repatriate capital despite a 10 per cent dip in profits. The post Absa Group to reap $15.5m dividend from Kenyan unit despite profit dip appeared first on Business Elites Africa.