Fresh data by Sasra shows that the mean rate of dividends on share capital dropped from the prior year’s 10.92 per cent.
Sasra chairman Jack Ranguma said the past two years had seen saccos experience financial turbulence and uncertainties.
Saccos cut average rate of dividends on share capital to 10.46 per cent in the year ended December 2024, marking the first chop in three years as they prioritised building stronger capital buffers over higher payouts to members.
Fresh data by the Sacco Societies Regulatory Authority (Sasra) shows that the mean rate of dividends on share capital dropped from the prior year’s 10.92 per cent, marking the first reduction in payout since 2021.
