​KAML announces dividend payment

​Kina Asset management Limited has announced a half year dividend payment of 2 toea per share.

The divided payment follows its announcement of a K5 million net after tax profit for the period ending June 30th.

In a statement, the KAML Board says the dividend payment is a testament to the financial strength of the company and commitment to maintain regular returns to its shareholders.

The board also revealed that shareholders will have the opportunity to reinvest through KAML’s Dividend Reinvestment Plan.

This will increase shareholder investment and will be available on October 4th, which is the dividend payment date.

A 2.5 percent discount will apply to the reinvestment on this dividend using the weighted average market price of the company’s shares sold on POMSOX during the seven trading days, starting on the trading day after the record date of 20th September.

Shareholders who previously elected to participate in the plan will be registered automatically while for those who are not and wish to can elect or change an existing instruction to be included in the plan.

They must do so by 5pm on September 20th.

Cedric Patjole