Bloomberg News

Kenya’s George Williamson Rises to 15-Month High on Dividend

October 19, 2011

(Updates with closing share price in second paragraph.)

Oct. 19 (Bloomberg) -- George Williamson Kenya Ltd., a producer of tea leaves, rallied to its highest level in more than 15 months after Business Daily reported the company plans to pay its shareholders a special dividend.

The shares jumped 8.1 percent to 227 shillings by the close in Nairobi, the highest level since July 7, 2010.

George Williamson will pay its shareholders a special dividend in the current financial year following the sale of its office for 500 million shillings ($5 million), the Nairobi-based newspaper said, citing Managing Director Alan Carmichael. The company will now rent office space at a different building in the city, Business Daily said.

--Editors: Ana Monteiro, Digby Lidstone

To contact the reporter on this story: Eric Ombok in Nairobi at eombok@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net


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