How to Buy Safaricom Shares in Kenya (2023 step by step guide) - Wikitionary254 (2024)

FAQs

How to buy Safaricom plc shares? ›

You can make payments via MPESA Pay Bill or your bank account. Note that Safaricom shares are bought in multiples of 100 shares. Thus, you can only buy a minimum of 100 shares. Fill in the bank's order form, which your stockbroker or bank executes.

To begin trading, you need to contact a stockbroker (a professional who will execute buy and sell orders for stocks on your behalf), and set up a Central Depository System (CDS) account which is free to open. Just like a bank account where you keep your money, this account will be where your shares are held.

To buy shares in a company either an existing shareholder has to give up or sell their shares, or the company will need to create new shares. However, the creation of new shares will impact the shares already in existence as the total always has to be 100%.

All of the companies listed on the London Stock Exchange are PLCs. Any retail investor may buy stock in a PLC. Unlike privately-held companies, public companies must publish certain financial data and disclosures for the public at regular intervals.

Most experts tell beginners that if you're going to invest in individual stocks, you should ultimately try to have at least 10 to 15 different stocks in your portfolio to properly diversify your holdings.

Safaricom is a dividend paying company with a current yield of 7.96% that is well covered by earnings.

“The Board of Safaricom PLC is pleased to announce that at its meeting that was held on February 24, 2023, it was resolved to approve the payment of an interim dividend of Sh0. 58 per ordinary share held, amounting to Sh23. 42 billion for the year ending March 31, 2023,” the firm said.

What is Safaricom highest share price ever? ›

The stock closed at a volume-weighted average of Sh43 on the Nairobi bourse Thursday compared to Sh41. 05 on Tuesday last week. The gains sent the telco's valuation to a new high of Sh1. 722 trillion, representing 61.2 percent of the combined investor wealth at the NSE.

0.58 per ordinary share held amounting to Kshs. 23.42 billion, for the year ending 31st March 2023. The interim dividend will be payable to shareholders on the Register of Members as at the close of business on 15th March 2023 and will be paid on or about 31st March 2023.

You cannot buy or sell shares directly on the NSE. You need a stockbroker that will facilitate your trade. Choosing the right broker will involve in-depth research of the market and professionals that offer their trading and investment solutions and options.

If you want to buy shares, you must first approach a SEBI-registered member, or broker, of a stock exchange. You need to then register as an investor before you begin investing; to do so, follow these steps: Find a SEBI Registered Member : Click here. Find out which stock exchange they are registered with.

The Safaricom share price dropped to Sh14. 80 this week after it announced profits of Sh42 billion compared to Sh68 billion last year. In mid-2021, the Safaricom share price was almost Sh45.

Do you need a broker? The short answer is no—you don't need a living, advice-giving, fee-charging broker (although you shouldn't rule them out). You do, however, need a brokerage—the online storefront where you purchase stocks, bonds, exchange-traded funds (ETFs), and other investments.

Most full-service brokers charge 1% to 2% of the total purchase price, a flat fee, or a combination of both, for stock purchases.

One of the easiest ways is to open an online brokerage account and buy stocks or stock funds. If you're not comfortable with that, you can work with a professional to manage your portfolio, often for a reasonable fee. Either way, you can invest in stocks online and begin with little money.

Where is the best place to buy stock? ›

On the other hand, a share of stock is a unit of ownership in the business. The number of shares determines how big of a piece of ownership in a business you have. If a company has 100,000 outstanding shares of stock and you own 1,000, you have a 1% equity ownership stake in the company's business.

Reinvest Your Payments

The truth is that most investors won't have the money to generate $1,000 per month in dividends; not at first, anyway. Even if you find a market-beating series of investments that average 3% annual yield, you would still need $400,000 in up-front capital to hit your targets. And that's okay.

How many different stocks should you own? The average diversified portfolio holds between 20 and 30 stocks. The Motley Fool's position is that investors should own at least 25 different stocks.

Safaricom Plc: Final Dividend of Kes. 0.62 announced on May 11, 2023; Book closure is subject to approval; Payment is subject to approval. Sasini Plc: Interim Dividend of Kes. 1.00 announced on May 11, 2023; Book closure is June 02, 2023; Payment is July 03, 2023.

Safaricom PLC on Twitter: "@MKimallel Hi, the share dividend is calculated as below amount=Number of shares * Ksh0. 31 minus 5% withholding tax. ^BG" / Twitter.

A dividend-paying stock generally pays in a range of 2% to 5% annually, whether in cash or in shares. Dividend aristocrats are at the higher end of that scale.

What Is a Good Dividend Yield? Yields from 2% to 6% are generally considered to be a good dividend yield, but there are plenty of factors to consider when deciding if a stock's yield makes it a good investment.

Which shares pay the highest dividend? ›

Historically, the Kenya Stock Market (NSE20) reached an all time high of 6161.46 in January of 2007. Kenya Stock Market (NSE20) - data, forecasts, historical chart - was last updated on June of 2023.

Safaricom Plc chief executive officer Peter Ndegwa attributed the drop to harsh economic times that saw customers cut on their voice budget, opting for social media. High investment costs in the Ethiopian market also ate into the profits.

The government of Kenya owns 35% of Safaricom. Safaricom was incorporated as a private limited liability company before being converted into a public company in the year 2002.

Share of mobile subscriptions in Kenya by operator 2018-2020

Safaricom PLC was the largest mobile telecom operator in Kenya throughout the given period from 2018 to 2020, with a market share of 63.6 percent in the fourth quarter of 2020.

In case of interim dividend, the payout to the shareholders has to happen within 30 days from the date of the announcement of the dividend. However, in case of final dividend, the actual payment of dividend only has to be made within 30 days of the Annual General Meeting (AGM).

The record date: The date that determines all shareholders of record who are entitled to the dividend payment. This date usually occurs two days after the ex-date. The payment date: This is the day dividend payments are issued to shareholders and is usually about one month after the record date.

Monthly dividend stocks can provide predictable income and make budgeting easy since they pay dividends every month of the year. While most companies pay dividends quarterly, there are 59 stocks that pay dividends monthly. And many of them have high dividend yields above 7%.

How Much Money Do You Need to Invest. To invest in the Nairobi Securities Exchange, you need to trade the minimum number of shares which is 100.

How to invest 1000 shillings in Kenya? ›

Money Market Funds do not require a lot of money to start. With as low as Kshs 1,000 you can begin your wealth compounding journey using companies such as Britam Money Market and Zimele Asset Management. A Money Market Fund is managed by a professional money manager.

The commission charges are 2.1% for any transactions made below kshs. 100,000 and 1.84% for any transactions above kshs. 100,000.

You cannot buy or sell shares directly on the NSE. You need a stockbroker that will facilitate your trade. Choosing the right broker will involve in-depth research of the market and professionals that offer their trading and investment solutions and options.

Safaricom is a dividend paying company with a current yield of 7.85% that is well covered by earnings.

At the time of the IPO, Safaricom had 9.2 million subscribers and 700,000 M-Pesa users. There was the revelation about Mobitelea, and the large share split and dilution of shares to just five cents (Sh0. 05) to accommodate as many shareholders as possible who would buy the shares at the IPO price of Sh5 per share.

If you want to buy shares, you must first approach a SEBI-registered member, or broker, of a stock exchange. You need to then register as an investor before you begin investing; to do so, follow these steps: Find a SEBI Registered Member : Click here. Find out which stock exchange they are registered with.

The Board of Safaricom PLC is pleased to announce that at its meeting that was held on 24th February 2023, it was resolved to approve the payment of an interim dividend of Kshs. 0.58 per ordinary share held amounting to Kshs. 23.42 billion, for the year ending 31st March 2023.

Procedure of verifying the position of unclaimed assets: Visit the UFAA website https://www.ufaa.go.ke/ Search account details using ID number or any other identification used in buying shares. The result will show whether Safaricom has remitted one's dividend and the year of remittance.

Safaricom Plc chief executive officer Peter Ndegwa attributed the drop to harsh economic times that saw customers cut on their voice budget, opting for social media. High investment costs in the Ethiopian market also ate into the profits.

Who is the largest shareholder in Safaricom Kenya? ›

Our shareholding structure changed during the year and is currently comprised of the Government of Kenya (35 per cent), Vodacom (35 per cent), Vodafone (5 per cent) and free float (25 per cent). * Company holds an indirect interest in Safaricom through a wholly-owned subsidiary, Vodafone Kenya Ltd (VKL).

Job losses, a widening digital divide, disrupted social interactions, and abrupt shifts in markets could lead to dire consequences and lost opportunities for large parts of the global population.