Safaricom (NASE:SCOM) Dividend Yield, History and Growth - Simply Wall St (2024)

FAQs

What is the dividend yield of Safaricom? ›

Safaricom Dividend

Safaricom is a dividend paying company with a current yield of 7.16% that is well covered by earnings.

From our estimates and assumptions, we see a significant upside potential and maintain our BUY recommendation with a target price of KES 26.65. The target price implies an upside of 83% to the current trading price of KES 14.50 as of 11th May 2023.

Future Growth

Safaricom is forecast to grow earnings and revenue by 4.5% and 9.3% per annum respectively. EPS is expected to grow by 10.1% per annum. Return on equity is forecast to be 32.8% in 3 years.

The current share price of Safaricom Plc (SCOM) is KES 16.00. SCOM closed its last trading day (Friday, April 19, 2024) at 16.00 KES per share on the Nairobi Securities Exchange (NSE), recording a 2.1% drop from its previous closing price of 16.35 KES.

0.55 per ordinary share held amounting to Kshs. 23.03 Billion, for the year ending 31st March 2024.

Safaricom pays Sh24bn in final dividends early

55 per share interim dividend amounting to Sh23. 64 billion that the telco's board declared on February 21. The interim dividend will be paid on or about March 31, 2024, to shareholders who were on the register of members as of the close of business on March 15, 2024.

The company valuation of Safaricom PLC according to these metrics is way below the market valuation of its peer group. The P/Earnings NTM ratio of Safaricom PLC is significantly lower than the average of its sector (Mobile Telecommunications): 13.75.

In the last annual general meeting of Safaricom PLC and its shareholders, the two groups emphasized that the minimum amount of shares to be bought by first-time investors is 100 units, which may cost roughly between Ksh1,500 and Ksh2,000 now that in NSE, it averages approximately Ksh17 per share.

Our shareholding structure changed during the year and is currently comprised of the Government of Kenya (35 per cent), Vodacom (35 per cent), Vodafone (5 per cent) and free float (25 per cent). * Company holds an indirect interest in Safaricom through a wholly-owned subsidiary, Vodafone Kenya Ltd (VKL).

How are Safaricom dividends calculated? ›

Dividend Per Share (Ex Special Dividends) - The dividend paid to shareholders for each share of stock. For quarterly dividend payers, it's common practice to multiply the most recent dividend by 4 to calculate dividend per share. Special dividends are not included in the calculation.

Safaricom Plc is routinely listed among the most profitable firms in the East and Central Africa area, and for good reason: it is the largest provider of telecommunications services in Kenya.

Requirements: Purchase a minimum of 500 shares at 52.5ksh. Fill in a registration form and attach a passport photo, copy of ID, copy of KRA pin and proof of payment. A Chama, a self-help group, an investment company and a Sacco.

Conversation. Billionaire Kimani buys Sh113 million Safaricom shares businessdailyafrica.com/bd/corporate/c…

If you are a Safaricom shareholder and wish to receive your dividend payment by M-PESA, then please register to do so by sending an SMS to 534 in the following format: ID Number#Full CDSC account number#Full names e.g. 12345678#Bxx/B-xxxxxxxxxxxxx/xx-0#John Smith.

Dividend yield is a ratio that shows you how much income you earn in dividend payouts per year for every dollar invested in a stock, a mutual fund or an exchange-traded fund (ETF). To put it another way, dividend yield is a security's annual dividend payment expressed as a percentage of its current price.