KCB Shareholders Receive KSh9.6 Billion in Dividends for 2024
KCB Group Plc has announced a total dividend payout of KSh9.6 billion for the financial year 2024, affirming its continued commitment to delivering value to shareholders. The announcement was made during the bank’s Annual General Meeting held in Nairobi, where investors approved a final dividend of KSh1.50 per share.
This final dividend complements an earlier interim dividend of KSh1.50 per share paid on October 23, 2024, bringing the total annual payout to KSh3.00 per share.
Shareholder Returns Surge to 97.2% in 2024
KCB’s strong dividend payout comes alongside a significant 90% increase in share price, translating to a total shareholder return of 97.2% in 2024 — a remarkable rebound from a negative return of -42.5% in 2023.
KCB Group Chairman, Dr. Joseph Kinyua, attributed the performance to the bank’s resilience and diversified strategy. “Despite a tough operating environment, we continue to support businesses and communities across the region through our expansive network and tailored financial solutions,” he stated.
Q1 2025 Financial Results Reflect Continued Growth
KCB Group also reported solid performance for Q1 2025. The profit after tax reached KSh16.53 billion, slightly higher than KSh16.48 billion reported in Q1 2024. Total revenue grew 2% to KSh49.4 billion, supported by a stable loan portfolio, while the balance sheet expanded to KSh2.03 trillion, up from KSh1.99 trillion.
Significantly, subsidiaries outside Kenya now contribute 32% to the Group’s profit before tax, reflecting KCB’s ongoing commitment to regional expansion and integrated growth across East Africa.
Outlook: Strong Fundamentals and Strategic Focus
KCB Group CEO, Paul Russo, praised the Group’s ability to navigate market volatility while maintaining profitability and shareholder value. “The past year reinforced the strength of our strategy and leadership. We’re well-positioned to consolidate our regional growth,” Russo remarked.
With dividends paid and strong financials reported, KCB continues to stand out as a top-performing bank in East Africa, offering investors both stability and attractive returns.
