Companies that yielded the highest dividends in 2019 will surprise you

Companies that yielded the highest dividends in 2019 will surprise you

As 2019 comes to an end, shareholders are keen to know how their companies performed hence their investments. Data compiled by the Standard Investment Bank shows that commercial and agricultural sector firms yielded the highest dividends relative to their share prices.

Scangroup which closed last week with a KES 16.60 share price had the highest yield topping at 23.6 percent. The company paid its shareholders a special dividend in June and is set to pay another dividend as a result of the sale of its research division.

Williamson Tea which traded at KES 134 at the close of last week yielded 15.3 percent. This is attributed to the fact that the share price came down by at least 20 percent in the last 12 months.

Kapchorua Tea which traded at KES 75 at the close of last week had a dividedn yield of 13.3 percent despite its share price going up in the last 12 months slightly above six percent. The hike was however lower than 17 companies that had a price increase of over six percent in the same period.

Other companies in the top 10 are Nation Media Group, Kenya Reinsurance, Umeme, Standard Chartered Bank.

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Author: Moshek Africa

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