VituVingiSana wrote:Ericsson wrote:Extraterrestrial wrote: Kenya Re may pay a special dividend, if the current trend of raiding of State corporations by Treasury is any message worth tuning into.
Kenya Re pays dividend around July-August,so you are speaking of 2020.
Is there a law/regulation that a special dividend cannot be paid at a different date from the regular dividend?
There's freedom to declare dividend (special, interim, final) etc. and other material changes at will. Good example is Kenya Re itself declaring the 3:1 bonus share issue way after publishing full year results; also, I&M declared an interim div late Dec 2018 despite having already published half-year and Q3 results... So, if Kenya Re wants to declare a special div it can do so at any time, payment date notwithstanding.