Williamson Tea Kenya Ltd (NSE:WTK) is one of the most active tickers on the Nairobi Securities Exchange (NSE). The company was listed on the market in 1972, during which NSE stood for Nairobi Stock Exchange. The Exchange adjusted its name to Nairobi Security Exchange as it is currently a market for trading securities other than shares.
Distribution of tea
Williamson Tea Kenya Ltd (NSE:WTK) is based in Kenya and operates in the agriculture sector whereby it deals with the distribution of tea. It has farms and factories in Kenya’s Rift Valley region where it cultivates, processes and distributes tea. Some of its brands include Lifeboat Tea, Special Blend, Traditional Afternoon and Duchess Grey.
The company boasts a strong management and reputable corporate management culture. It has Deloitte as its auditor.
Shares of Williamson Tea Kenya Ltd (NSE:WTK) traded in the region of Sh309 a piece in January.
Dividend company
Investor in Williamson Tea Kenya Ltd (NSE:WTK) not only make money through capital gains, but also benefit from consistent dividends. Williamson Tea Kenya is a company that one would easily describe as a dividend dog. The company pays consistent and fat dividends compared to most other listed companies on the NSE.
Williamson Tea Kenya announced a final dividend of Sh7 on June 9, 2014. The declared a final dividend of Sh7.50 on May 31, 2013, which was same as a final dividend on July 2, 2012.
Investing in WTK
With shares of Williamson Tea Kenya Ltd (NSE:WTK) trading around Sh300 apiece, the minimum initial investment one can put in the company is about Sh30,000. That is because the minimum amount of shares that an investor can buy on the NSE is 100 shares. An investment of Sh30,000 for a company with a good price and financial performance history like WTK cannot be a bad move.
You may also want to read about Safaricom Ltd (NSE:SCOM), another active stock on the NSE.
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