I&M Group dividend up as profit jumps to KSh12.6 billion

I&M Group building

I&M Group bags net profit growth by 12.6 per cent from the financial year ending December 2023 amounting to KSh12.6 billion.

The firm attributes the 15 per cent growth in its profits to an increase in its operating income.

The Group has also increased dividends for the third straight year to KSh2.55 a share amounting to KSh4.2 billion.


ABSA bank raises dividends after strong 2023

The proposed dividend per share is a rise from KSh2.25 per share total or a total of KSh3.72 billion paid a year earlier.

The latest pay-out equals the per share distribution that was made by the Group in 2019.

The regional financial services provider has offices in Kenya, Rwanda, Tanzania, Uganda and Mauritius.

The bank celebrates its golden jubilee this year marking 50 glorious years since its incorporation in 1974.

By Brian Ndigo

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