BOC Kenya raises interim dividend despite 40pc profit dip Companies 19 min ago

BOC Kenya has rewarded investors with a 60 per cent increase in its interim dividend to Sh4 per share despite lower half-year earnings, extending a run of rising payouts into a third consecutive year.8 per cent of the half-year net profit and maintains BOC among the generous dividend payers at the Nairobi Securities Exchange.

In addition, the firm said distribution, selling, and administrative expenses rose 17 per cent during the period, mainly driven by inflationary pressures and higher fuel and energy costs.