Sept. 29 (Bloomberg) -- Mumias Sugar Co., Kenya’s biggest producer of the commodity, gained for the first day in four as investors bought shares to be entitled to a dividend.
The stock climbed as 0.8 percent to 6.5 shillings as of 3:08 p.m. in the capital, Nairobi.
Mumias will pay a final dividend of 0.50 shillings a share, Nairobi-based Kestrel Capital East Africa Ltd., said in an e- mailed note to clients today. Investors have until Nov. 4 to buy shares to be included, Kestrel said.
“Increased activity is expected on Mumias Sugar, which is trading cum-dividend,” according to the note.
--Editors: Linda Shen, Peter Branton
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