Diageo set to pocket Sh4.47bn dividend on delayed EABL deal
Diageo is expected to receive a significant dividend payout from EABL despite delays in the sale of its stake to Asahi Holdings. The transaction remains stalled due to ongoing legal challenges in Kenya.
Why it matters
The delay in this multi-billion dollar deal highlights the complexities of corporate divestment and regulatory hurdles in the East African market.
British multinational Diageo is set to pocket a dividend of Sh4.47 billion from EABL as the proposed sale of its stake in the Kenyan firm to Japan’s Asahi Holdings remains held up by court cases.
EABL announced a final dividend of Sh8.70 per share for the year ended June 2026, to be paid on October 31, 2026, to shareholders on its books as at October 19, 2026.
In April, the brewer paid an interim dividend of Sh4 per share, meaning that its full-year distribution has risen to Sh12.70 per share, from Sh8 in the year to June 2025.
The company’s majority owner, Diageo, will therefore be banking a full-year dividend of Sh6.53 billion, comprising the final dividend of Sh4.47 billion and the Sh2.06 billion already earned through the interim distribution.
In the previous year, Diageo was paid a total dividend of Sh4.11 billion.
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