I&M Holdings PLC has approved Ksh1.6 billion dividends payout, a public announcement from the firm has said.
The directors have approved payment of an interim dividend of Ksh3.90 per ordinary share par value Ksh1 each held.
“The dividend will be payable to shareholders registered on the Company’s Register at the close of business on Thursday 28 February 2019 and will be paid on or around Thursday 23 May 2019. The Register of Members will be closed from Friday 1 March 2019 to Friday 8 March 2019 (both days inclusive) for the purpose of processing the dividend,” said the notice.
I&M registered Ksh5.85 billion net profit in Q3 2018, largely driven by non-interest income. This was 18 per cent improvement compared to Ksh4.94 billion reported during the same period in 2017.
Non-interest income grew by 38.6 per cent to Ksh5.56 billion, while its interest income grew by 3.2 percent to Ksh17.8 billion during the period under review.
