Co-operative Bank tops East African retail banks’ dividend stock
Cooperative Bank of Kenya group Managing Director Gideon Muriuki (L) during the quarter three results at the Sarova Stanley in Nairobi, Kenya on November 17, 2016. PHOTO | NMG
Kenya’s Co-operative Bank topped East Africa’s retail banks as the best dividend stock, signalling the lender’s increasing attractiveness to investors that are keen on cash dividend payouts.
Analysis from Africanfinancials shows the lender, which is listed on the Nairobi Securities Exchange (NSE), posted a dividend yield of 12.7 percent, the highest among the region’s top retail banks, in the six months to June 2023.
