KCB shares plunge the most in 18years 

By Correspondent

Shares of KCB Group Plc plunged the most in 18 years after Kenya’s biggest bank by assets declared a lower-than-expected dividend.

The stock dropped 9.1% to 40.10 shillings in Nairobi after dropping as much as 21%, the most intraday since 2007. The 3-shilling-a-share dividend that the company declared Wednesday was below the average estimate of 3.83 shillings from three analysts.

Source: Bloomberg