The Stocks We Are Watching Today

Here are the shares we will be closely watching in today’s trading at the Nairobi Securities Exchange:

KenGen - The stock closed at KES 8.35 yesterday but has seen fluctuations from KES 7.20 to KES 10.12 in the last 52 weeks. It has announced a dividend payout of KES 0.60 per share, an increase of 20% from last years KES 0.50. The payout represents 46% of the earnings per share compared to last year's 53%.

Mumias Sugar Company – The shares closed at KES 6.25 yesterday and has seen a fluctuation from KES 4.40 to KES 7.35 within the past 52 weeks. The company is paying dividends of KES 0.50, representing 8% of current market value. Books closure is on 2nd November, and anyone with shares as of then shall be included in the dividend payout. The company has also diversified into electricity, ethanol and molasses production thus increasing their income sources. There is much speculation as to the companies revenue in the coming year.

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