EABL share­hold­ers’ div­i­dends in­crease by sixty per cent

The Star (Kenya) - - News Business -

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.

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