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411 on dividend and AGM
Rank: Elder Joined: 6/20/2007 Posts: 2,074 Location: Lagos, Nigeria
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mlennyma wrote:Who got total dividend? Total Kenya shareholders , please respond ? The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: New-farer Joined: 1/4/2019 Posts: 69 Location: Nairobi
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young wrote:mlennyma wrote:Who got total dividend? Total Kenya shareholders , please respond ? Got on 3rd Aug, EFT
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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babashuge wrote:young wrote:mlennyma wrote:Who got total dividend? Total Kenya shareholders , please respond ? Got on 3rd Aug, EFT who are their registrars, I want to follow up mine "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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mlennyma wrote:babashuge wrote:young wrote:mlennyma wrote:Who got total dividend? Total Kenya shareholders , please respond ? Got on 3rd Aug, EFT who are their registrars, I want to follow up mine Got mine last month Towards the goal of financial freedom
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Rank: Elder Joined: 6/20/2007 Posts: 2,074 Location: Lagos, Nigeria
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mlennyma wrote:babashuge wrote:young wrote:mlennyma wrote:Who got total dividend? Total Kenya shareholders , please respond ? Got on 3rd Aug, EFT who are their registrars, I want to follow up mine Image Registrars Note:- I don't own TOTAL shares. The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Member Joined: 3/16/2019 Posts: 313
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CBK to determine bank dividend payouts in new rulesQuote:Some of the best capitalised and most consistent payers of dividends including KCB, Standard Chartered Bank Kenya and Absa Bank Kenya, have already skipped interim payouts for the half year ended June as their earnings contracted by double digits. A CEO of one of the lenders told Business Daily that dividend droughts is the new normal, at least in the short-term.
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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kmucheke wrote:CBK to determine bank dividend payouts in new rulesQuote:Some of the best capitalised and most consistent payers of dividends including KCB, Standard Chartered Bank Kenya and Absa Bank Kenya, have already skipped interim payouts for the half year ended June as their earnings contracted by double digits. A CEO of one of the lenders told Business Daily that dividend droughts is the new normal, at least in the short-term.
I don't believe that story by business daily. Which bank has CBK bailed out? Such measures have been put in Europe and America where commercial banks were bailed out by the respective central banks during times of distress. Argument was after being given cheap money they then go and give it to shareholders which was irresponsible. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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Ericsson wrote:kmucheke wrote:CBK to determine bank dividend payouts in new rulesQuote:Some of the best capitalised and most consistent payers of dividends including KCB, Standard Chartered Bank Kenya and Absa Bank Kenya, have already skipped interim payouts for the half year ended June as their earnings contracted by double digits. A CEO of one of the lenders told Business Daily that dividend droughts is the new normal, at least in the short-term.
I don't believe that story by business daily. Which bank has CBK bailed out? Such measures have been put in Europe and America where commercial banks were bailed out by the respective central banks during times of distress. Argument was after being given cheap money they then go and give it to shareholders which was irresponsible. https://www.businessdail...5354-mg704kz/index.html “We have received guidance from CBK asking us to revise our ICAAP (Internal Capital Adequacy Assessment Process) based on the pandemic,” a bank CEO told Business Daily, seeking anonymity for fear of CBK reprisals. “The regulator now requires that if we are to pay dividends this year, we get approval from CBK on the size of payouts. The boards of banks intending to pay dividends will really have to justify the decision.” Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 3/16/2019 Posts: 313
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VituVingiSana wrote:Ericsson wrote:kmucheke wrote:CBK to determine bank dividend payouts in new rulesQuote:Some of the best capitalised and most consistent payers of dividends including KCB, Standard Chartered Bank Kenya and Absa Bank Kenya, have already skipped interim payouts for the half year ended June as their earnings contracted by double digits. A CEO of one of the lenders told Business Daily that dividend droughts is the new normal, at least in the short-term.
I don't believe that story by business daily. Which bank has CBK bailed out? Such measures have been put in Europe and America where commercial banks were bailed out by the respective central banks during times of distress. Argument was after being given cheap money they then go and give it to shareholders which was irresponsible. https://www.businessdail...5354-mg704kz/index.html “We have received guidance from CBK asking us to revise our ICAAP (Internal Capital Adequacy Assessment Process) based on the pandemic,” a bank CEO told Business Daily, seeking anonymity for fear of CBK reprisals. “The regulator now requires that if we are to pay dividends this year, we get approval from CBK on the size of payouts. The boards of banks intending to pay dividends will really have to justify the decision.” This one I was expecting. Uganda's central bank already issued a dividend and bonus payment freeze. Bank of Uganda (BoU) suspends dividends, bonus paymentsQuote:The Bank of Uganda on March. 24 this year suspended all financial institutions under its supervision from paying dividends and bonuses to their shareholders as it seeks to reserve enough capital to the economy.
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Rank: Member Joined: 3/16/2019 Posts: 313
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Ericsson wrote:kmucheke wrote:CBK to determine bank dividend payouts in new rulesQuote:Some of the best capitalised and most consistent payers of dividends including KCB, Standard Chartered Bank Kenya and Absa Bank Kenya, have already skipped interim payouts for the half year ended June as their earnings contracted by double digits. A CEO of one of the lenders told Business Daily that dividend droughts is the new normal, at least in the short-term.
I don't believe that story by business daily. Which bank has CBK bailed out? Such measures have been put in Europe and America where commercial banks were bailed out by the respective central banks during times of distress. Argument was after being given cheap money they then go and give it to shareholders which was irresponsible. In Uganda's case, the reasoning was that the banks need to preserve capital so as to cushion the economy. All banks were ordered to adhere.
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411 on dividend and AGM
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