The Kenya Power and Lighting Co. Plc 4% Preference Shares (KPLC-P4) are the 4% cumulative preference shares issued by KPLC at a nominal value of KSh 20 per share. Shareholders of the KPLC preference shares enjoy a fixed-rate dividend whose payment takes priority over ordinary shareholders as the company has a contractual obligation to pay preference dividends on the shares. As cumulative preference shares, if the dividend cannot be paid in any year, it accrues until the accumulated dividend is paid out. Additionally, preferred shareholders are paid before owners of common (ordinary) stock in case of liquidation. Kenya Power is engaged in the transmission, distribution, and retail of electricity purchased from Kenya Electricity Generating Company Limited (KenGen), Independent Power Producers (IPPs), Uganda Electricity Transmission Company Limited (UETCL), and Tanzania Electric Supply Company Limited (TANESCO). KPLC operates primarily in four regions, namely, Nairobi, Coast, West Kenya, and Mount Kenya. Its interconnected network of transmission and distribution lines covers about 47,035 kilometers. The national grid is operated as an integral network linked by a 220 kilowatts and 132 kilowatts transmission network.
| Ticker | Company | Price | 1Y | Mkt Cap | P/E | Yield |
|---|---|---|---|---|---|---|
| KPC | Kenya Pipeline Company | 9.00 | — | KES 163.8B | 21.8× | — |
| KEGN | KenGen Plc | 11.05 | +15.34% | KES 72.8B | 7.0× | 8.1% |
| KPLC | Kenya Power & Lighting Company | 22.35 | +47.52% | KES 43.6B | 1.8× | 4.9% |
| TOTL | Total Kenya Ltd | 47.20 | +36.81% | KES 29.7B | 13.7× | 7.3% |
| UMME | Umeme Ltd | 6.04 | -30.89% | KES 9.8B | — | — |
| KPLC-P4 | Kenya Power 4% Preference Shares | 5.26 | +16.63% | KES 9.5M | — | — |
| KPLC-P7 | Kenya Power 7% Preference Shares | 6.00 | +0.00% | KES 2.1M | — | — |