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Dividend Policy

CHUNA SACCO LTD

DIVIDEND POLICY

  • Dividend will be paid during the April through the Main University  payroll.  It will be paid top bonafide members of CHUNA SACCO LTD.  The bonafide members are:
    • Those members on the register of members as at 31st December, of the financial year.
    • Must have contributed shares for at least 6 months during the   financial / dividend year.
    • Must have contributed shares continuously for at least 3 months prior to December 31st.
    • Rate of dividend
      • Rate of Dividend shall be  Ksh. 2.00 per share
      • Interest on members’ savings/ deposits shall be as determined by members’ during Annual General Meeting.
      • All above shall be subjected to withholding tax at the prevailing rates.

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