Farming stocks: Investors’ favourite picks in April
The coronavirus outbreak has no doubt slowed down business and investment as both consumers and investors brace for a long period of uncertainty. But even in the midst of the virus pandemic, a few farming stocks caught the eye of investors last month.
Here are investors’ favourite farming stocks in April.
Kakuzi shares jump nearly 14%
Kakuzi (KUKZ) was investors’ top farming stock pick in April. Kakuzi shares rose 13.67% to close the month at Ksh341. Kakuzi is engaged in the farming and processing of a range of agricultural products, including tea, avocado and macadamia.
The company plans to pay a dividend of Ksh14 per share on May 18.
Williamson stock rise nearly 11%
Williamson Tea Kenya (WTK) was investors’ second-best farming stock pick last month. Williamson shares rose 10.58% to Ksh115 in April. The company is engaged in production and sale of tea. It also grows rose flower. The company operates farms in Kaimosi, Kapchorua, Tinderet and Changoi.
It last paid a dividend of Ksh20 per share.
Kapchorua stock pops up a little bit
Kapchorua Tea Kenya (KAPC) stock didn’t register the kind of double-digit gains seen in Kakuzi and Williamson Tea Kenya stocks. However, it was one of the rising farming stocks in last month. Kapchorua shares rose 2.31% to Ksh66.50 in April.
Kapchorua is engaged in the production, processing and sale of tea. The company last paid dividend of Ksh10 per share.