FY 2022 Dividend Estimates
Some eg Centum (YE Mar 22) will likely be paid in 2022.
Some eg C&G (YE Sep 22) may pay in late 2022 or early 2023
Others eg SCBK and BAT (YE Dec 22) will pay an interim in 2022 and the final in 2023.

BAT 55 (5+50)
SCBK 20 (5+15)
C&G 2 (post-bonus)
CARB 1.50 (incl Special Dividend)
Longhorn 0.25
Centum 1.20
ABSA 1.25 (0.25+1)
Equity 5
KenyaRe 0.20
I&M 1.75
DTB 5

I will update the above as results are released.

Centum by 31 July
1H for banks + BAT by 31 Aug
Carbacid by 31 Oct
C&G by 31 Dec
KenyaRe 1H by 30 Sep
Longhorn by 30 Sep

Please add to this list dates of results release and estimates of dividends for other firms.
Also if you think my estimates are off, please indicate why and what.

Hi @VVS

Just a suggestion

Why not take the following action solely for high dividend income ?

Substitute DTB with KCB
Substitute I&M With Coop
Add Stanbic by reducing some position in Equity

REMOVE ENTIRELY
Longhorn
Kenya Re
Centum (poor performance ) and use the
proceeds to accumulate .

Some NCBA
Add more to Stanchart
Buy few EABL (Diversification)
Buy Safaricom ( At it's low now)


Above will ensure you have a better dividend
income spread and higher returns

Ideally with the right mix 10m ksh invested should yield btw 800k to 1 million ksh not miserly 450k I read about.

Ensure that the following counters have heavy weight in your portfolio for high dividend in order of importance dividend wise.

1. BAT
2 SCBK
3. NCBA
4 ABSA
5 Stanbic

Above should constitute at least 70% of your portfolio for high dividend income as their pay out ratio is the highest in NSE.


Note:- From my 18 years experience in Nairobi bourse (since 2004), capital gains is
DEAD or a WILD CHASE . Dividend income is it

Note:- I don't invest in BAT for ethical reasons but the other BIG 4 constitutes 80% of my portfolio (SCBK,NCBA,ABSA,STANBIC)
.
Be aware FY 22 COOP will return a dividend
of 1,30 to 1.50 due to improved performance (Fy 21 ksh1.00)

Asante Sana

Commenting on only the ones I own and disagree;

DTB - Unlikely that such a stingy dividend payer raises dividends by 66%. This year they were 'generous' because they paid nothing in 2021. They will probably go to 3.50

Kenya Re - They don't have a stable dividend policy lately. They will probably NOT double, instead perhaps 0.15

ABSA - Probaby 1.2 rather than 1.25. However the share has been rallying lately so I suspect there are people that know more. So perhaps you are closer to right than I am.

I expect a marginally better div from C&G of 2.25 (14% payout as last year. FY EPS estimated at (7.97X2)

I hope you are right on Longhorn because I have been trapped by the sub ksh4 prices for long

Why are you so optimistic about a special div from Carbacid?

Hi @VVS

Just a suggestion

Why not take the following action solely for high dividend income ?

Substitute DTB with KCB
Substitute I&M With Coop
Add Stanbic by reducing some position in Equity

REMOVE ENTIRELY
Longhorn
Kenya Re
Centum (poor performance ) and use the
proceeds to accumulate .

Some NCBA
Add more to Stanchart
Buy few EABL (Diversification)
Buy Safaricom ( At it's low now)


Above will ensure you have a better dividend
income spread and higher returns

Ideally with the right mix 10m ksh invested should yield btw 800k to 1 million ksh not miserly 450k I read about.

Ensure that the following counters have heavy weight in your portfolio for high dividend in order of importance dividend wise.

1. BAT
2 SCBK
3. NCBA
4 ABSA
5 Stanbic

Above should constitute at least 70% of your portfolio for high dividend income as their pay out ratio is the highest in NSE.


Note:- From my 18 years experience in Nairobi bourse (since 2004), capital gains is
DEAD or a WILD CHASE . Dividend income is it

Note:- I don't invest in BAT for ethical reasons but the other BIG 4 constitutes 80% of my portfolio (SCBK,NCBA,ABSA,STANBIC)
.
Be aware FY 22 COOP will return a dividend
of 1,30 to 1.50 due to improved performance (Fy 21 ksh1.00)

Asante Sana

Thank you.

I think DTB has a better chance of growth in share price than KCB. I do not trust KCB's financials and I hope Russo does a clean-up of the loan book.

I see a path for I&M to grow and I cannot see the same runway for Coop. Its mainstay are SACCOs but what happens when members (of SACCOs) need their money back? I&M never skimped on a dividend even during COVID.

I have Stanbic and Equity but the latter will grow faster thanks to DRC, TZ, UG, etc over the next 5 years. I am looking ahead.

I have ALL of the below but I am working on picking just 3 and trim the rest. SCBK has a great DY but ABSA I believe will grow its EPS and DPS faster.

Stanbic is now a pure dividend play since SAHL has stopped buying. I might sell NCBA and buy something else eg ABSA or Equity.

I love BAT. I do not encourage smoking but if you do, please use BAT products.

1. BAT
2 SCBK
3. NCBA
4 ABSA
5 Stanbic

I do not follow Coop but that's good to know some banks have been consistent dividend payers!
Equity dunga'd shareholders for 2 straight years.

On Coop vs I&M... I am #TeamI&M and I see their regional expansion will pay off better than Coop in the long run.

When was I&M #4 in PAT?

DTB needs a push. I do not expect a huge dividend but better than 3/- for FY2022. A minimum of 4/- but I think 5/-

I assume KCB, Equity and Coop were definitely ahead.

What about SCBK, NCBA and ABSA in FY19?

There seems to be something else going on.

Perhaps the likes of ABSA & SCBK had taken large provisions that were reversed in later years. They have always been more conservative about provisioning.

DTB is an example of a bank that didn't NPL & provision adequately a few years ago and then had to in large chunks. Look at 4Q2020 and 4Q2021.

Anyway, I am comfier with I&M vs Coop for longer term EPS and Dividend growth.