How much do I need to buy Safaricom shares? One is required to purchase a minimum of 500 shares at 52.5 Ksh. Pay a non-refundable admission fee of Kshs 10,000. The minimum monthly contribution is Ksh 3,000. The total to pay is Kshs 36,500.
How much do you earn from Safaricom shares?
This brings the total dividend for the year to KShs 55.69Bn (2021: KShs 54.89Bn), which represents KShs 1.39 per share in respect of the year ended 31 March 2022 (2021: KShs 1.37 per share).
How do I buy secondary Safaricom shares?
Ensure that you have an active M-Pesa account that is in your name.
Next, deposit the amount you would like to purchase the shares to Safaricom Investment Cooperative (SIC) ‘s shareholding account.
- Go to the M-Pesa menu and select Lipa Na M-Pesa.
- Once there, choose the Paybill number option.
- As a shareholder, you are entitled to a share of the company’s profits, which are paid out as dividends.
- If the company does well, the value of your shares is likely to go up, and you can profit by selling them at a higher price than you paid.
- Your Safaricom shares can also be used as collateral to borrow money.
- The share price will likely continue rising as more people use Safaricom’s services and the company expands its business.
- Safaricom is a well-managed company with a good reputation.
- The shares are easily bought and sold on the NSE, so you can cash in your investment quickly if you need to.
- Safaricom shares are a long-term investment, so you should not expect to make a quick profit from them.
Note: You could lose money if the share price falls.
Safaricom shares are not suitable for everyone, so you should speak to a financial advisor before investing.
The risks of owning Safaricom shares
- The value of your investment can go down and up, so you could get back less than you originally paid for your shares.
- Safaricom shares are not a savings account, so you could lose your money if the company goes bankrupt.
- You may not be able to sell your shares quickly if there is no one else willing to buy them at the price you want.
- The dividend payments may vary and could be cut altogether if the company’s profits fall.
- You should not invest in Safaricom shares if you need your money within the next year.
Things to consider before buying Safaricom shares
Please do your research: Make sure you understand what Safaricom does and how it makes money.
Check the share price: Look at the share price history to see how volatile the shares are.
Consider the company’s financial position: Check its balance sheet and profit and loss account to see if it is in good financial health.
