Kenya Reinsurance Corporation Limited

NASE:KNRE Stock Report

Market Cap: KSh7.8b

Kenya Reinsurance Dividend

Dividend criteria checks 3/6

Kenya Reinsurance is a dividend paying company with a current yield of 10.6% that is well covered by earnings. Next payment date is on 9th August, 2024 with an ex-dividend date of 26th June, 2024.

Key information

10.6%

Dividend yield

17%

Payout ratio

Industry average yield4.3%
Next dividend pay date09 Aug 24
Ex dividend date26 Jun 24
Dividend per sharen/a
Earnings per shareKSh1.78
Dividend yield forecast in 3Yn/a

Recent dividend updates

Recent updates

Upcoming Dividend Payment

TodayJun 21 2024Ex Dividend DateJun 26 2024Dividend Pay DateAug 09 202444 days from Ex DividendBuy in the next 5 days to receive the upcoming dividend

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: KNRE's dividend payments have been volatile in the past 10 years.

Growing Dividend: KNRE's dividend payments have increased over the past 10 years.


Dividend Yield vs Market

Kenya Reinsurance Dividend Yield vs Market
How does KNRE dividend yield compare to the market?
SegmentDividend Yield
Company (KNRE)10.6%
Market Bottom 25% (KE)6.4%
Market Top 25% (KE)11.5%
Industry Average (Insurance)4.3%
Analyst forecast in 3 Years (KNRE)n/a

Notable Dividend: KNRE's dividend (10.6%) is higher than the bottom 25% of dividend payers in the KE market (6.42%).

High Dividend: KNRE's dividend (10.6%) is low compared to the top 25% of dividend payers in the KE market (11.54%).


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (16.9%), KNRE's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (232.6%), KNRE's dividend payments are not well covered by cash flows.


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