KPC cuts dividend as profit rises to Sh11.5bn

Kenya Pipeline Company (KPC) reduced its dividend slightly to Sh5.81 billion, or Sh0.32 per share, despite its net profit increasing by 13.08% to Sh11.58 billion for the year ending June 2026. The company reported higher profits but chose to pay a lower dividend compared to the previous year. The decision reflects a cautious approach to profit distribution despite strong financial performance.