Boom for Co-op Bank shareholders as lender pays out Sh8.8b dividends

Co-operative Bank of Kenya Group CEO Dr Gideon Muriuki (left) with Treasury Cabinet Secretary Prof Njuguna Ndungu (Centre) and Central Bank of Kenya (CBK) Governor Kamau Thugge (right) during a past event. [Courtesy]

The Co-operative Bank of Kenya (Co-op Bank) on Monday disbursed Sh8.8 billion as dividends to shareholders for the year ended 2023.

The payout represented a dividend of Sh1.50 per share, after the tier-one lender maintained a consistent dividend payout on the back of sustained profitability last year.