
Kenyattas, Equity CEO Top In sh 63bln Bank Dividend Distribution
The families of Jomo Kenyatta and former Central Bank of Kenya Governor Philip Ndegwa, I&M Bank founder Suresh Shah and Equity Group chief executive James Mwangi are among the top beneficiaries of the combined Sh63.1 billion dividends that Kenya’s listed banks will pay.
The Kenyattas, who hold a 13.2 percent stake in NCBA Group through Enke Investment, will pocket a record Sh1.03 billion after the lender raised its dividend per share 11.8 percent to Sh4.75.
The Ndegwa family, which owns a 14.94 percent stake in the same bank through First Chartered Securities, will earn Sh1.17 billion in dividends, from Sh876.65 million, gaining from their decision to buy additional 8.25 million shares last year.
Andrew Ndegwa will get Sh335.4 million in dividends for his 4.3 percent stake while James Ndegwa, who holds 4.23 percent, will earn Sh329.9 million after the family split the First Chartered Securities stake among the siblings.