This archive report was first published on 1 December 2019.
As of December 1, 2019, ScanGroup, Williamson Tea, Kapchorua, and Nation Media Group were among the top five companies listed on the Nairobi Securities Exchange (NSE) with the highest dividend yields.
ScanGroup topped the list with a 23.6 per cent dividend yield, thanks to a special dividend it gave shareholders in June and another upcoming special dividend as a result of the sale of its research division.
"For ScanGroup, the main factor in the higher dividend has been the special one that it gave this year. And we see this higher value likely to be maintained because there is also an upcoming special dividend as a result of the sale of its research division," said Lisa Kimathi, senior associate for research at Standard Investment Bank.
Other companies on the list of top 10 in paying dividends relative to the prices of their listed shares were Kenya Reinsurance and Umeme.
However, the data also highlighted the challenges faced by these companies, including constrained supply of securities and high prices that make it difficult for retail investors to participate.
