Say you got a million shillings and decide to diversify through the #NSE stock market. You research and pick the following stocks & sizes:
$BAT 500 @ 445 = 222.5K
$CARB 11K @ 12 = 132K
$KCB 5K @ 38.50 = 192.5K
$SBIC 1K @ 111 = 111K
$SCBK 1K @ 158 = 158K
$WTK 1K @ 164 = 164K
>>
$BAT 500 @ 445 = 222.5K
$CARB 11K @ 12 = 132K
$KCB 5K @ 38.50 = 192.5K
$SBIC 1K @ 111 = 111K
$SCBK 1K @ 158 = 158K
$WTK 1K @ 164 = 164K
>>
Assuming the boards of the companies above declare dividend payments as below, your dividend payouts for 2023 will be:
$BAT 500 @ 53.50 = 26750
$CARB 11K @ 1.70 = 18700
$KCB 5K @ 3 = 15000
$SBIC 1K @ 7 = 7000
$SCBK 1K @ 20 = 20K
$WTK 1K @ 20 = 20K
Total = Ksh 107,450
>>
$BAT 500 @ 53.50 = 26750
$CARB 11K @ 1.70 = 18700
$KCB 5K @ 3 = 15000
$SBIC 1K @ 7 = 7000
$SCBK 1K @ 20 = 20K
$WTK 1K @ 20 = 20K
Total = Ksh 107,450
>>
Your net dividend payments after the 5% withholding tax will be Ksh 102,077. This represents a total dividend yield of 10.21% 📈
A million shillings in an #IFB may yield Ksh 139,800 in a year.
But stocks can achieve notable capital gains exceeding your capital of Ksh 1M.
>>
A million shillings in an #IFB may yield Ksh 139,800 in a year.
But stocks can achieve notable capital gains exceeding your capital of Ksh 1M.
>>
A million shillings in an MMF may yield Ksh 90,000 (net of 15% withholding tax) annually.
On average, SACCOs may pay Ksh 120,000 on a million shillings depending on allocation sizes to both share capital and deposits.
Different strokes for different folks.
It's your money.
On average, SACCOs may pay Ksh 120,000 on a million shillings depending on allocation sizes to both share capital and deposits.
Different strokes for different folks.
It's your money.
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