{"id":17001,"date":"2020-11-03T20:23:12","date_gmt":"2020-11-03T20:23:12","guid":{"rendered":"https:\/\/www.africa-press.com\/kenya\/?p=17001"},"modified":"2020-11-03T20:23:12","modified_gmt":"2020-11-03T20:23:12","slug":"kengen-to-pay-sh1-65-billion-in-dividends","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/economy\/kengen-to-pay-sh1-65-billion-in-dividends","title":{"rendered":"KenGen to pay Sh1.65 billion in dividends"},"content":{"rendered":"<p><strong>Author: AGENCY<\/strong><br \/>\n<strong>AfricaPress-Kenya:<\/strong> Kenya Electricity Generating Company PLC (KenGen) will pay a total dividend of Sh1.65 billion to its shareholders.<\/p>\n<p>This follows the approval of the Board\u2019s recommendation by shareholders to pay the final dividend of Sh0.25 for the year for every ordinary share of Sh2.50.<\/p>\n<p>The shareholders decided during the company\u2019s virtual 67th Annual General Meeting (AGM) on Tuesday.<\/p>\n<p>The announcement comes at a time when Kenya and the world at large is facing challenges brought about by the Coronavirus Disease (COVID-19) Pandemic.<\/p>\n<p>Speaking during the AGM, KenGen Managing Director &amp;CEO, Mrs. Rebecca Miano, highlighted key business progress the company had made during the period under review. These include two multi-million shillings contracts the company is currently undertaking in Ethiopia, unveiling the Community Engagement Strategy, expansion of the company\u2019s energy capacity and diversification which has been instrumental in creating new revenue streams.<\/p>\n<p>In 2018, the company paid its shareholder Sh 2.64 billion in dividends which translated to Ksh 0.40 for every ordinary share.<\/p>\n<p>During the period ending June 2019, business remained resilient despite challenging economic conditions in the country and globally.<\/p>\n<p>To create more value for its stakeholders, KenGen is focusing on diversification, a strategy that has seen the company earn additional revenues.<br \/>\nDuring the year ended June 2019, the company\u2019s energy sales grew from 7,989 GWh in 2018 to 8,277 GWh despite the dilution of the market share following new entrants. KenGen\u2019s total revenue grew from Sh45.30 billion in 2018 to Sh45.97billion in 2019, leading to a 1.5 per cent growth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Author: AGENCY AfricaPress-Kenya: Kenya Electricity Generating Company PLC (KenGen) will pay a total dividend of Sh1.65 billion to its shareholders. This follows the approval of the Board\u2019s recommendation by shareholders to pay the final dividend of Sh0.25 for the year for every ordinary share of Sh2.50. The shareholders decided during the company\u2019s virtual 67th Annual [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[6336,878],"class_list":["post-17001","post","type-post","status-publish","format-standard","hentry","category-all-news","category-economy","category-homepage-english","tag-geothermal-power","tag-kengen"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>KenGen to pay Sh1.65 billion in dividends - kenya<\/title>\n<meta name=\"description\" content=\"Kenya Electricity Generating Company PLC (KenGen) will pay a total dividend of Sh1.65 billion to its shareholders.This follows the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/economy\/kengen-to-pay-sh1-65-billion-in-dividends\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KenGen to pay Sh1.65 billion in dividends\" \/>\n<meta property=\"og:description\" content=\"Kenya Electricity Generating Company PLC (KenGen) will pay a total dividend of Sh1.65 billion to its shareholders.This follows the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/economy\/kengen-to-pay-sh1-65-billion-in-dividends\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-03T20:23:12+00:00\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/kengen-to-pay-sh1-65-billion-in-dividends#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/kengen-to-pay-sh1-65-billion-in-dividends\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"KenGen to pay Sh1.65 billion in dividends\",\"datePublished\":\"2020-11-03T20:23:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/kengen-to-pay-sh1-65-billion-in-dividends\"},\"wordCount\":256,\"commentCount\":0,\"keywords\":[\"Geothermal Power\",\"KenGen\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/economy\/kengen-to-pay-sh1-65-billion-in-dividends#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/kengen-to-pay-sh1-65-billion-in-dividends\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/economy\/kengen-to-pay-sh1-65-billion-in-dividends\",\"name\":\"KenGen to pay Sh1.65 billion in dividends - 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