How Mhasibu Sacco Dividends are calculated and paid in Kenya

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Mhasibu Sacco is one of the best Saccos for dividends payouts. With shares of Ksh 1 million,you will earn more than Ksh 140,000 annually.

Below are details of Mhasibu Sacco dividends you should know:

DIVIDEND QUERIES?

  1. Am I entitled to dividends?
    Yes, the Sacco pays dividends and interests  (Interest on deposit and dividends on share capital) every year to all the members who had balances in deposits and share capital for the financial year ended.
  2. What do I need to do to get dividends Advance?
    Members can access upto 70% of their dividend via the link https://members.mhasibusacco.com/
  3. When are the dividends paid?
    The Sacco pays dividends after approval by the Annual General Meeting.
  4. How are dividends computed?
    • Dividends are made up of two components (interest on deposits and dividends on share capital).
    • Interest on deposit is computed on pro-rata and compound basis at a rate to be recommended by the management committee and approved by the Annual General Meeting (AGM). The Sacco has uploaded a template on the website to assist members who would wish to confirm/ compute their interest on deposits.
    • Dividends on share capital is computed based on closing balance at the end of the financial year at a rate recommended by the management committee and approved by the Annual General Meeting.

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