Let's wait and see how low it will go.
The bear is in town

Expect to receive the dividend at the end of the month

Is the dividend and special dividend usually paid out separately on different dates? (in 2 separate transactions instead of a total figure at one go).

This week the special dividend of 0.62 will be paid.


https://www.businessdail...6232-10lxgpcz/index.html

I don't think so @Eric
For the past 3 years they have been paying early either within Sept or October rather than stipulated Nov tail end or early Dec.
People have been seeing an unusual dividend inflows and it is always traceable to Safaricom "surprise"....early dividend.

Safaricom executives’ shares rise to Sh875m
https://www.businessdail...7142-ry0heez/index.html

Skin in the game!
BUT "The employees had cashed out 15.1 million units of stock worth Sh409 million the year before..." though how much from sales by BC and MJ?

Indeed and the next CEO will be leading this charge. Still more value to be created. Let me jump back into this stock.

Half year results announcement is on November 1 2019,from the results Full Year dividend can be projected.
April is too far to pay interim dividends for results announced in November.

Still on safaricom

As a minority shareholder my advise to the board of directors is that looking ahead they should rather give script issues (bonuses) from time to time rather than special dividend.

Considering that Safaricom has too many shares , they can first consider share reverse split or reconstruction like at the ratio of 3:1 that is every 3 shares become 1. This will translate to price per share of 81 Bob per share (from 27) and dividend per share will follow the same multiple .

With this they can issue script issues based on their discretion from time to time. This is cheaper for them to recapapitalize over time and minimize share dilution.

For minority shareholders it is a win-win situation as good and liquid stocks price discovery is always fast.

. It also afford them to sale their bonus shares at the time they need money at different intervals rather than generic special dividends

I am not against special dividends but priority should be given to bonus issue or both strategy can be combined from time to time.

I believe too much shares on issue is a major constraint to SAFARICOM so share reconstruction is the best option moving forward to actualize bonus issue .

Bonus issue combined with a fair dividend is the best way to reward shareholders.

On the whole thank you and kudos to safaricom for being consistently consistent in performance.

I remember I have bought this counter from year 2010 to 2017 at different "EXPENSIVE " prices ranging from 7bob to 23 bob. Recall the IPO price in 2008 was 4 bob.

Looking forward people like us should be enjoying bonus shares rather than buying more even at higher prices as it gets more expensive every year. The highs of last year becomes the low of this year.