List Of 6 NSE-Listed Firms Whose Shares You Can Buy With KSh 2k, Including Safaricom

• Nairobi Securities Exchange (NSE) listed companies offer high returns on investments in terms of dividend payout
• According to personal finance expert and Engagement lead at Abreturnsojani Investments Benjamin Cheruiyot, there are NSE-listed firms' shares you can buy with KSh 2,000
• Speaking to TUKO.co.ke, Cheruiyot explained that the time to buy shares from such companies, like Safaricom and Co-op Bank, is after the closure of the dividend book

TUKO.co.ke journalist Wycliffe Musalia brings over five years of experience in financial, business, and technology reporting, offering deep insights into Kenyan and global economic trends.

Did you know you can buy shares at Nairobi Security Exchange (NSE)-listed companies for as little as KSh 2,000?

According to personal finance expert and engagement lead at Abojani Investments, Benjamin Cheruiyot, companies like Safaricom and Co-op Bank offer high dividends at affordable share prices.

When to buy Safaricom, other firms' shares at NSE

In an exclusive with TUKO.co.ke, Cheruiyot explained how you can buy and own shares at these NSE-listed firms.

Cheruiyot noted that the best time to buy these shares is after the dividend book closure date.

"You stand to gain on capital when the share prices go up. The best buy time is when the stock is trading ex-dividend (after dividend book closure dates, like ABSA and Co-op as at now). Share prices go up when a stock is trading with dividend. You need to have bought before to gain on the rising share prices," said Cheruiyot.

Why you need to buy shares at NSE-listed firms

The financial advisor recommended opening a CDS (Central Depository System) account via your bank or stockbrokers licensed by the Capital Markets Authority (CMA).

"To open a shares CDS account, you visit your bank as most have stock brokerage departments, or an investment bank that only does stock brokerage and bond trading," he suggested.

Cheruiyot shared a list of six NSE-listed firms with percentage dividend yields and their share prices.

List of NSE-listed firms, dividends and share price

1. Absa Bank Kenya

According to the expert, Absa Bank is currently listed at KSh 1.55 per share with dividend returns of 12.97% at KSh 11.95 share price.

In the year ending April 30, 2024, the lender announced a final dividend payout of KSh 1.35 per share.

This is after its profit hit KSh 16.4 billion, as reported by Business Daily.

2. I&M Bank Holdings

I&M promises a dividend payout of 12.5% at KSh 2.25 per share. The share price of I&M is KSh 18 per share.

In the previous year, the bank paid dividends of KSh 2.55 per share, amounting to KSh 4.22 billion.

3. Co-operative Bank

Co-operative Bank offers a dividend payout of 12.29% at KSh 1.5 per share. The bank shares cost KSh 12.20 per share.

The bank paid dividends on shares amounting to KSh 8.8 billion after posting growth in net profit to KSh 23.2 billion for the year ending December 2023.

4. Carbacid Investments

Cheruiyot highlighted Carbacid Investments, the manufacturer of carbon dioxide gas for food processing; among NSE-listed firms where you can own shares with KSh 2,000.

The company shares currently trade at KSh 17.25 per share with a dividends payout of 9.85% at KSh 1.7 per share.

5. Sasini Tea and Coffee

Sasini PLC's dividend payout is pegged at 7.8% at KSh 1.5 per share for the current financial year. The company's shares goes for KSh 19.15 per share.

In the year ending September 2023, the agricultural firm paid dividends of 1.5 per share, amounting to over KSh 340 million.

6. Safaricom PLC

The expert noted that Safaricom PLC will be paying 7.5% dividends at KSh 1.2 per share, with a share price of KSh 15.95 per share.

Safaricom PLC's board of directors recommended an interim dividend payout of KSh 23.03 billion for the year ending March 31, 2024.

How much did Safaricom pay shareholders?

The company paid shareholders KSh 0.55 per ordinary share, compared to KSh 0.58 paid during a similar period in 2023.

Shareholders on the register of members as of the close of business on March 15, 2024, will receive the payment.

In July 2023, during the 15th Annual General Meeting (AGM), Safaricom shareholders approved the final dividend payout of KSh 24.84 billion.

What to know about dividend payout

• In March 2024, Savings and Credit Cooperative Societies (SACCOs) and other companies started paying dividends to members for the year ending December 2023.
• In the banking sector, NCBA Bank paid KSh 4.75 per share, while in the agricultural sector, Kakuzi PLC paid KSh 14. 2 per share.
• Kenya Pipeline Company (KPC) paid dividends of KSh 5 billion to the National Treasury during the same year under review.

Proofreading by Nyambura Guthua, journalist and copy editor at TUKO.co.ke

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Safaricom PLC guarantees high dividends returns on shares.

List of 6 NSE-Listed Firms Whose Shares You Can Buy With KSh 2k

Safaricom’s market value is currently double the market value of the