EABL shareholders’ dividends increase by sixty per cent
East African Breweries Limited has announced a dividend of Sh5.50 per share to shareholders after making additional income from the sale of its subsidiary. Shareholders will take home Sh12 per share, a 60 per cent increase from last year’s 7.50 per share. The dividend will be paid together with the interim and special dividends that were announced at the end of the year. “The board considers it appropriate to distribute this dividend in recognition of additional income EABL received from the sale of Central Glass Industries Limited,” chairman Charles Muchene said yesterday. He said the decision to exit the glass business was to enable them focus on their core business.