How much are Safaricom shares today?

By Nairobi Stocks Review

Safaricom shares gained 0.61% to close at Ksh33.15 today. Safaricom was one of the most active stocks on Nairobi Securities Exchange today with more than 2.5 million shares traded.

Safaricom provides telecom services. It operates the largest mobile network in Kenya by subscribers. It also runs the widely used Mpesa payment platform that lets people send and receive money on their handset. People also use Mpesa to make purchases, pay bill, and save money. Mpesa and mobile internet service are Safaricom’s fastest-growing businesses.

How much dividend does Safaricom pay?

Safaricom paid a dividend of Ksh1.40 per share for its financial year ending March 2020. The dividend increased from Ksh1.25 per share in the previous year. Safaricom has paid annual dividends every single year since it went public.

How can I buy Safaricom shares?

Safaricom shares trade on the Nairobi Securities Exchange under “SCOM” ticker symbol. To be able to buy Safaricom shares, you will need to identify a good stockbroker and open a CDS account.

Once you open the account, decide the quantity of shares you want to buy and place your order. Bear in mind that the minimum number of Safaricom shares you can buy is 100 units. Remember to provide the broker with the money to buy Safaricom shares for you.