@youcan'tstopusnow, H2 can only be better. H1 was messed up by the tight monetary policy by CBK. Mortgage sales went down 27% but the resilient Diamond (read HFCK) managed to post growth in profits.

With the period of monetary easing having been ushered in in the last MPC meeting, mortgage sales will pick, cost of deposits go down, and profits UP UP UP :d/ :d/ :d/

And the interim div is sweet

This company is really dishing out dividends. What did they give last year for FY.

A 3.5% rise in profits is hardly impressive.. Though i was shocked there was any growth at all..

In Q1 HFCK was the worst performer among the banks & i expect the trend to continue.. This means KCB & EB will probably announce growth in the region of 15-20%

I must say a stock that not only pays a 10% dividend yield but also gives half of it in the interim is a real gem!

I remember hearing @young claiming that huge dividends would not materialise in 2012..

@youcan't @aguy, last year the overall div was KES 1.20

Last year interim dividend was KES 0.50 so this years interim div is a 40% increase

Final dividend last year was KES 0.70, so if its also increased by 40%, then this years final dividend will come in at KES 1.00 to make this year overall dividend KES 1.70

How nice this is