The Kenyan equities market has displayed a mixed performance in recent months, with the NASI recording a year-to-date loss of 10.5%, while the NSE 25 and NSE 20 indices have seen declines of 3% and 7.5% respectively. The market’s current price-to-earnings (P/E) ratio of 5.8x which is below the historical average of 12.3x, suggests potential undervalued stocks, presenting opportunities for investors.
However, it is crucial to consider the challenging operating environment and significant investor outflows stemming from political uncertainty and macroeconomic conditions. These factors continue to impact market conditions and can influence investor sentiment in the near term.
While low prices may be enticing, it is important to conduct thorough research before making investment decisions. When looking for stocks to invest in, consider the following factors:
- Strong profitability and growth track record.
- Competitive advantages that protect the company from excessive competition.
- A strong balance sheet with healthy cash reserves and manageable debt.
- Relatively low institutional ownership, offering potential diversification benefits.
- Reasonable valuations based on earnings, sales, and book value per share.
- Consistent or increasing dividends over time.
- Current share prices and market trends.
Equity Bank is an excellent example of a company to consider for investment. With over Ksh 3 Trillion in assets, Equity Bank is a leading banking group in Kenya. It operates in multiple markets, including Kenya, Mauritius, Rwanda, South Sudan, Uganda, and Tanzania, through its retail banking, commercial banking, treasury services, and investment divisions.
Equity Bank has a strong track record of providing great dividends since it started paying them in 2007. This consistent dividend payment demonstrates the company’s commitment to growth and stability, making it an attractive option for investors seeking long-term returns.
With its diversified operations and presence across multiple countries, Equity Bank benefits from exposure to various economies and sectors within the Kenyan economy. This provides potential opportunities for growth and mitigates risks associated with operating in a single market.
However, it is important to conduct thorough research and analysis of Equity Bank’s financial performance, industry trends, and market conditions before making any investment decisions. Consulting with financial professionals can also provide valuable insights and guidance.
Disclaimer: The information provided is for illustrative purposes only and does not constitute financial advice. Investors should conduct their own research and consult with professionals before making investment decisions.
Below is a list of the dividends pay-out for the Financial Year 2022:
DIVIDEND PAYOUT FOR LISTED COMPANIES – FY’22
| COMPANY | COUNTER | INTERIM (KES) | SPECIAL (KES) | FINAL (KES) | BOOK CLOSURE | PAYMENT DATE |
| KenGen Ltd | KEGN | 0.20 | 26th Jan 2023 | 30th Mar 2023 | ||
| Car and General Ltd | CGEN | 0.80 | 24th Feb 2023 | 23rd Mar 2023 | ||
| East African Breweries Ltd | EABL | 3.75 | 16th Feb 2023 | 28th Apr 2023 | ||
| British American Tobacco Ltd | BAT | 52.00 | 26th May 2023 | 15th June 2023 | ||
| Absa Bank Kenya Plc | ABSA | 1.15 | 28th Apr 2023 | 25th May 2023 | ||
| KCB Group Ltd | KCB | 1.00 | 6th Apr 2023 | 25th May 2023 | ||
| Stanbic Holding Plc | SBIC | 12.60 | 19th May 2023 | 15th Jun 2023 | ||
| Standard Chartered Bank Ltd | SCBK | 16.00 | 21st Apr 2023 | 25th May 2023 | ||
| Co-operative Bank of Kenya Ltd | COOP | 1.50 | 24th May 2023 | 9th Jun 2023 | ||
| Kakuzi Plc | KUKZ | 24.00 | 31st May 2023 | 15th Jun 2023 | ||
| CIC Insurance Group Ltd | CIC | 0.13 | 9th May 2023 | 26th May 2023 | ||
| I & M Holdings Ltd | IMH | 2.25 | 20th Apr 2023 | 26th May 2023 | ||
| Stanlib Fahari I-REIT | FAHR | 0.65 | 6th Apr 2023 | 30th Apr 2023 | ||
| NCBA Group Plc | NCBA | 2.25 | 28th Apr 2023 | 31st May 2023 | ||
| Equity Group Holdings | EQTY | 4.00 | 19th May 2023 | 30th Jun 2023 | ||
| Diamond Trust Bank Kenya Ltd | DTK | 5.00 | 12th May 2023 | 15th Jun 2023 | ||
| Umeme Ltd | UMME | 2.20 | 30th Jun 2023 | 20th Jul 2023 | ||
| Limuru Tea Co. Ltd | LIMT | 2.50 | 14th Apr 2023 | 30th Jun 2023 | ||
| BK Group Plc | BKG | 3.91 | 22nd Jun 2023 | 1st Jul 2023 | ||
| Kenya Re-insurance Corporation Ltd | KENRE | 0.20 | 16th Jun 2023 | 28th Jul 2023 | ||
| Nation Media Group | NMG | 1.50 | 16th Jun 2023 | 31st Jul 2023 | ||
| Jubilee Holdings Ltd | JUB | 3.00 | 8.00 | 14th Jun 2023 | 26th Jul 2023 | |
| Total Energies Ltd | TOTL | 1.31 | 15th Jun 2023 | 31st Jul 2023 | ||
| Crown Paints Kenya Plc | CRWN | 4.00 | 28th Jun 2023 | 14th Aug 2023 | ||
| BOC Kenya Ltd | BOC | 4.45 | 28th Apr 2023 | 21st Jul 2023 | ||
| Sasini | SASN | 1.00 | 2nd Jun 2023 | 3rd Jul 2023 | ||
| Bamburi Cement Ltd | BAMB | 0.75 | 27th May 2023 | 27th Jul 2023 | ||
| Nairobi Securities Exchange Ltd | NSE | 0.20 | 31st May 2023 | 31st Jul 2023 | ||
| Kapchorua Tea Co. Ltd | KAPC | 25.00 | 23rd Aug 2023 | 4th Sep 2023 | ||
| Williamson Tea Kenya Ltd | WTK | 30.00 | 23rd Aug 2023 | 4th Sep 2023 | ||
| Safaricom Plc | SCOM | 0.58 | 0.62 | 28th Jul 2023 | 31st Aug 2023 |
