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Safaricom shareholders welcome Sh80.13billion dividend payout
Shareholders also re-elected Edward Okaro to the board and re-appointed Ernst & Young as the company's external auditors as well as approving several special resolutions meant to give legal effect to the new shareholding structure.
Safaricom PLC Monday declared its highest-ever dividend payout of Sh80.13 billion, after shareholders at the company’s Annual General Meeting approved a final dividend of Sh1.15 per share for the financial year ended 31 March 2026.
The total dividend for the year comes to Sh2.00 per share, following an interim dividend of Sh0.85 per share paid in March 2026, and is the largest payout in the company’s history.
The payout comes as Safaricom’s share price continued to rise: the stock closed the financial year up 50.3 per cent, taking the company’s market value to Sh1.10 trillion by 31 March 2026, and it has risen further since, with Safaricom’s market capitalisation touching Sh1.44 trillion in the weeks leading into this year’s AGM.
“This has been a defining year for us. We marked 25 years of connecting and driving transformation through our services and community involvement. We did this while delivering our strongest financial performance yet,” Safaricom CEO, Peter Ndegwa, said.