The Bank of Kigali board of directors has approved a dividend pay-out of 60 per cent of the bank’s audited IFRS-based net income in respect to 2014. This translates into an annual dividend of approximately Rwf16.33 per share, the Rwanda Stock Exchange (RSE) daily market report indicates.
The dividend will be paid on or about June 29, according the RSE report. The book closure date is June 12. The board also set May 28 as the date for the shareholders’ Annual General Meeting (AGM) to be held in Kigali.
In a related development, Equity Group Holdings directors recommended a first and final dividend of Ksh1.80 per each ordinary share of Ksh0.50 for the year ended December 31, 2014.
The dividend will be paid by April 30, subject to the annual general meeting approval. The AGM will take place on March 31, at KICC Nairobi. According to the RSE report, the book closure date is March 20.
On the other hand, KCB directors will recommend to members at the forthcoming forty fourth AGM a first and final dividend for the year 2014 of Ksh2 per share.
This will be paid on or about Friday, June 12, but is subject to the AGM approval that takes place on May 8. The book closure date will be May 11.
On the local bourse, trading was low with Bralirwa being the only active counter yesterday.
The brewer traded 200 shares in one deal worth Rwf76,000 in turnover. The counter was unchanged compared to Thursday, closing at Rwf380.
The RSE Share Index and All Share Index were also unchanged on Friday compared to Thursday, closing at 234.63 and 137.33 points, respectively.
The Bank of Kigali counter was quiet. It closed at Rwf296 during the previous session on Thursday, according to the report. The bank recorded a total turnover of Rwf3.4 million from 11,400 shares that were traded in two deals on Thursday. Equity Bank counter closed at Rwf430 previously.
The last trading session the cross-listed firm recorded a total turnover of Rwf86,000 from 200 shares traded in one deal.
No transactions were recorded on NMG, KCB and Uchumi Supermarkets counters. Yesterday there were outstanding offers of 465,800 Bank of Kigali shares at between Rwf295 and Rwf315 and no bids. On the Bralirwa counter, there were offers of 249,300 shares at between Rwf380 and Rwf390 and no outstanding bids.
There was an offer of 6,500 Uchumi shares at Rwf104 and no bids.
The Equity counter recorded an outstanding offer of 70,000 shares at between Rwf430 and Rwf432, but there were no buyers.
On RSE bond market, there was an outstanding offer of 2,000,000 for government bonds FXD 4/2014/7yrs (RW000A1ZTAM0) at Rwf106 and no bids, while there were offers of 7,000,000 for government bond FXD1/2014/3Yrs (RW000A1VE4S9) at between Rwf100.5 and Rwf104 and no bids.