StanChart said it will raise its dividend by 31.8 per cent to KSh29 a share compared to 15 per cent representing KSh16 per share it had paid in 2022.
In December, the lender had paid a KSh6 a share interim dividend, and now it has increased the final payout to KSh23 per share from KSh16 paid a year earlier.
The total dividend payout amounts to KSh10.96 billion net profit compared with KSh8.31 billion that had been paid on the 2022 net earnings.
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StanChart net profit increased to KSh13.8 billion from KSh12.1 billion recorded in the preceding similar period.
The Bank recorded a 32 per cent increase in net interest income to KSh29.3 billion on increased lending.
Also, non-interest income moved upwards six per cent to KSh12.4 billion to increase the operating income.
In its outlook for 2024, the lender said it expects revenue growth for the year.
