Kenya Power has notified shareholders that the half-yearly dividends due on 30th June 2020 on the 4% and 7% cumulative preference shares will be paid to shareholders registered in the books of the company at the close of business on Tuesday, 2nd June 2020.
The dividend will be paid subject to Withholding tax.
Shareholders with preference shares enjoy a fixed dividend whose payment takes priority over ordinary shareholders. A cumulative preference share is a share with a fixed-rate dividend paid annually or semi-annually. If the dividend cannot be paid in any year, it accrues until the accumulated dividend is paid out. Preferred shareholders are paid before owners of common (ordinary) stock in case of liquidation.
