British American Tobacco Kenya Limited released its financial results for the year ended 31st December 2011 a while ago reporting an increase in revenue by KES 6.6 billion, an increase in operating profit of 59% and an increase in cash generated from operations of KES 2.3 billion. Profit after tax increased by KES 1.331 billion to close the year 2011 at KES 3.098 billion (up 43%).
As the board of directors had recommended in the company’s year-end annual financial report, BAT is paying out a final dividend of KES 27 per ordinary share held. When added to the interim dividend already paid, the total dividend to be paid for the year will add up to KES 30.50 per ordinary share. The final dividend is to be paid out on Thursday 26th April 2012 to the shareholders on the register at the close of business on 23rd March 2012.
Interesting fact: The final dividend being paid out is more than the share price of either of Access Kenya, Barclays Bank, British-American Investments, Centum Investments, CMC Holdings, Safaricom Limited, KCB Bank, Co-operative Bank, Kenya Airways, Express Limited, KenGen, KenolKobil among many other listed companies.