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NMG approves a dividend of Sh8 per share

Nation Media group Chairman Wilfred Kiboro (Right) and Chief Executive Officer Linus Gitahi (left) during the 49th Annual General Meeting at Kenyatta International Conference Center (KICC) in Nairobi on April 27 2012. PHOTO / BILLY MUTAI

What you need to know:

  • Simon Kagugube and Adam Salkeld become new members of the company’s board

Nation Media Group shareholders on Friday approved a dividend payout of Sh8 per share for year ending December 31, 2011.

The shareholders, who attended the group’s Annual General Meeting at the Kenyatta International Conference Centre, will receive a final dividend of Sh6.50 adding to the Sh1.50 interim dividend per share already paid. Shareholders got Sh5.50 dividend per share in 2010.

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