This follows approval of the Board's recommendation by shareholders to pay the final dividend of Sh0.25 for the year for every ordinary share of Sh2.50.
The shareholders made the decision during the company's virtual 67th Annual General Meeting (AGM) today.
The announcement comes at a time when
Speaking during the AGM, KenGen Managing Director &CEO,
These include two multi-million shillings contracts the company is currently undertaking in
In his address,
In 2018, the company paid its shareholder Sh2.64 billion in dividends which translated to Ksh 0.40 for every ordinary share.
During the period ending
To create more value for its stakeholders, KenGen is focusing on diversification, a strategy that has seen the company earn additional revenues.
During the year ended
KenGen's total revenue grew from Sh45.30 billion in 2018 to Sh45.97billion in 2019, leading to a 1.5 percent growth.
Additionally, the company is exploring business growth through collaboration and partnership with development agencies.
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