Dividends Declared in 2026: Rwanda RSE Companies — Amounts & Payment Dates

Last updated: July 18, 2026 | Reading time: ~5 minutes

Rwanda's 2026 dividend season belongs to its two flagship domestic listings — and both delivered big raises. BK Group, parent of Bank of Kigali, the country's largest lender, paid a total of RWF 53.04 per share for FY2025 (an RWF 11.2 interim in January plus an RWF 41.84 final in June) — an 80% increase on the prior year and a record RWF 49.6 billion distribution. Bralirwa, the Heineken-group brewer of Primus and Mützig, declared RWF 41.63 per share, up from RWF 35.96.

This tracker covers RSE-listed companies with dividend events in 2026, verified against company declarations and AGM notices.

Quick summary:

• 3 dividend events from the two anchor domestic listings so far in 2026: BK Group's January interim and June final, and Bralirwa's July payment.
• BK Group's total payout rose 80% year-on-year to RWF 53.04 per share as net profit jumped 29% to RWF 110 billion.
• Bralirwa lifted its dividend ~16% to RWF 41.63, distributing essentially all of its RWF 42 billion profit.
• Rwanda rewards stock-market investors with a reduced 5% withholding rate on dividends from RSE-listed securities for Rwandan and EAC residents (the standard rate is 15%).

> Track live Rwanda market data on the RSE market desk, or compare payouts across the continent in the 2026 African dividends tracker.

## Dividends Declared in 2026

Amounts are gross, before withholding.

## Company Notes

BK Group — RWF 53.04 total for FY2025. Bank of Kigali is Rwanda's banking system in miniature: the largest lender by assets, branches and profits, and the RSE's anchor listing (with a cross-listing in Nairobi). FY2025 net profit jumped 29% to RWF 110 billion, and the board responded by raising the payout ratio to 45% — a total distribution of RWF 49.6 billion, up 80% per share on the year. The final tranche of RWF 41.84 went to shareholders on the register at May 15.

Bralirwa — RWF 41.63 final. The Heineken-majority brewer — Primus, Mützig, Amstel, plus Coca-Cola bottling for Rwanda — remains the RSE's consumer bellwether. Its FY2025 dividend of RWF 41.63 (book close May 31, paid July 15) was roughly a full-profit payout of its RWF 42 billion year and continues an unbroken run of rising distributions. Bralirwa was the RSE's first listing in 2011.

## What Stood Out This Season

Payout ratios are rising. BK Group deliberately lifted its payout ratio to 45%, and Bralirwa distributed essentially everything it earned. Rwanda's two anchors are turning strong profit growth directly into shareholder cash — a maturing-market signal.

The domestic pair carries the market. The RSE lists ten equities, but most are Kenyan cross-listings whose dividends are declared and paid on the Nairobi board. For income earned from Rwandan operations, BK Group and Bralirwa are the season — with MTN Rwanda the name to watch for future declarations.

## How Rwanda's Dividend Tax Works

Rwanda's standard withholding tax on dividends is 15% — but dividends on securities listed on the Rwanda Stock Exchange attract a reduced 5% rate for residents of Rwanda and the East African Community. It is one of Africa's most deliberate capital-markets incentives.

## How to Track RSE Dividends

Our Rwanda dividend calendar carries declared RSE dividends with ex-dates, record dates and payment dates. For the continental picture, see the 2026 African dividends tracker.

## FAQ

Which Rwandan companies have paid dividends in 2026? BK Group (RWF 11.20 interim in January, RWF 41.84 final in June — RWF 53.04 total for FY2025) and Bralirwa (RWF 41.63, paid July 15, 2026).

What is the dividend withholding tax in Rwanda? 15% standard, reduced to 5% for RSE-listed securities held by Rwandan and EAC residents.

How much did BK Group increase its dividend in 2026? By 80% — from RWF 29.40 per share for FY2024 to RWF 53.04 for FY2025, on a payout ratio raised to 45%.

## Sources

• BK Group Plc — FY2025 results, AGM resolutions and dividend declarations (RSE filings; KT Press and The New Times AGM coverage)
• Bralirwa Plc — FY2025 abridged results and dividend proposal
• Rwanda Revenue Authority — withholding tax rates on listed securities
• Mansa Markets Rwanda dividend calendar

This tracker is for informational purposes only and does not constitute investment advice. Declared amounts and dates can change if companies amend payment schedules after publication.