Safaricom PLC has announced a historic dividend payout totaling Ksh 80.13 billion for the financial year ended March 31, 2026. This marks the largest shareholder return in the company's history following approval at the Annual General Meeting.
The final dividend of Ksh 1.15 per share complements an earlier interim dividend of Ksh 0.85 per share paid in March, bringing the total dividend for the year to Ksh 2.00 per share.
Strong Market Performance
Safaricom's share price surged by 50.3% during the financial year, boosting the company’s market capitalization to Ksh 1.10 trillion by March 31, 2026. The market value has since climbed further, reaching Ksh 1.44 trillion ahead of the AGM.
Business Resilience and Growth
Group CEO Dr Peter Ndegwa highlighted the milestone of 25 years of operations, emphasizing the company’s commitment to innovation and community impact. After three years of steady dividends during heavy investment in Ethiopia, Safaricom Ethiopia is now expected to break even in the coming year.
Future Outlook
- The final dividend will be paid around September 4, 2026, to shareholders registered by August 4, 2026.
- Shareholders have received approximately Ksh 280 billion in dividends over the past five years.
- Safaricom is advancing its Vision 2030 strategy to evolve into a technology-driven company, focusing on AI, expanded broadband, affordable smartphones, and growth in financial services like M-PESA.
- Vodacom Group’s increased stake to 55% strengthens regional partnerships, with the Kenyan government retaining 20% and public investors holding 25%.
- Board re-elections and auditor appointments were confirmed to support the company’s growth trajectory.
Chairman Adil Khawaja noted the significance of the strengthened Vodacom partnership, leveraging its scale and expertise for Safaricom’s future development.
