Jubilee Holdings Limited has announced a total dividend of KShs 652.3 million of KShs 9 per share for the financial year ended December 2019.
The final dividend payout of KShs. 579.8 Million of KShs 8 per share, which will be released tomorrow, will be a pleasant relief to many shareholders who have borne the negative effects of COVID-19.
Commenting on the move, Jubilee Holdings Limited Group Chairman Nizar Juma noted that since going public the company has always paid a dividend to its shareholders and to date has never paid a dividend lower than the previous year.
“We are proud that Jubilee Holdings has demonstrated its solid financial ground and stood by its shareholders, and not lowered the dividend payout, despite the current difficulties caused by the COVID-19 Pandemic.” Juma added.
Jubilee Holdings has also advised that it has rescheduled its 2020 AGM to a later date this year after the Company sought and obtained approval from the Business Registration Services. The postponement has been occasioned by the challenges posed by the COVID-19 pandemic with regard to the physical conduct of Annual General Meetings.