KTDA Holdings has today announced a dividend of Ksh.1,042,960,800 the highest in the history of its operations.
The dividends are payable to farmers through their factories which are the 54 Corporate Shareholders of KTDA Holdings Ltd.
KTDA says the dividends are derived from the profits made by KTDA Holdings and its subsidiaries which include, KTDA MS, KTDA Power, Majani Insurance Brokers, Greenland Fedha, Chai Trading Company, TEMEC, Chai Logistics, and Ketepa.
This financial year also marked the highest amount of money paid to the tea farmers under KTDA management as they earned a whopping Ksh.89.21 billion compared to KSh.68.22 billion last year.
While declaring the dividend, KTDA Holdings National Chairman Enos Njeru said: “Our focus is to ensure that every decision and strategy we adopt directly benefits our farmers by increasing their earnings, reducing costs, and improving overall efficiency in the tea value chain where the farmers have invested.”
On his part KTDA Group CEO Wilson Muthaura added that KTDA will continue to invest in new technologies and innovations to enhance operational efficiency.
“As management, we are working with factories to increase efficiency and diversify our products. In the wake of climate change, we are also looking to introduce high-yielding teas to ensure that tea production remains sustainable.”
The National Chairman applauded continued government support, especially on fertilizer subsidy which saw farmers this year save Ksh.900 per bag of 50 kilogrammes.
