Pesa Nane wrote:Quote:DIVIDENDS
The above results not withstanding, the Directors recommend to increase the dividend payout ratio by 8.5% to 40% (2015 - 31.5%) and hence the payment of a first and final dividend for the year 2016 of Kshs. 0.27 per ordinary share (2015 - Kshs. 0.49 per ordinary share). The dividend is subject to shareholders’ approval at the Annual General Meeting. The payment is subject to witholding tax, where applicable and will be paid by 15 July 2017 to members on the register at the close of business on 26 May 2017
What a sophisticated way to describe reduced dividends.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.