Realtreaty wrote:That what I have been complaining to NSE,CMA why kenyans Firms announce dividends and bonuses with a long period of books closure 2 to 3 months which keeps the market in suspension and free fall once books are closed. The CMA and NSE should come up with the longest period being a month and shortest being on the spot or day of announcement. See some companies declared dividend on October2011 with books closing January 2012.
Have you seen safcom?? They announce results in may, books closure in september/october and payment december...
Thats a clean 8 months between declaration and payment of dividend...
Mark 12:29
Deuteronomy 4:16