Stock brokers Tuesday updated client accounts to reflect the bonus share.
It was implemented at a rate of one for every 10 shares held, according to NSE’s market data.
Standard Chartered Bank of Kenya Tuesday issued an additional 34.3 million ordinary shares worth Sh5.3 billion on the Nairobi Securities Exchange (NSE), satisfying its bonus stock programme.
The lender had announced the bonus share plan to reward shareholders after halving its final dividend for the year ended December 2019 to Sh7.5 per share from the earlier declaration of Sh15 per share.
