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. BK Group — the parent of Bank of Kigali, the country's largest lender — declared a RWF 32.5 per share final for FY2025 that landed at roughly a 10.5% yield at declaration. Bralirwa, the Heineken-group brewer of Primus and Mützig, paid RWF 75 per share, about a 7.5% declaration yield.

This tracker covers RSE-listed companies with declared 2026 dividend events in our Rwanda dividend calendar. Amounts are in Rwandan francs (RWF) per share, gross before withholding tax.

Quick summary:

• 2 tracked dividends declared in 2026 so far — BK Group and Bralirwa, both FY2025 finals paid in June.
• BK Group's payout carried a double-digit declaration yield (~10.5%); Bralirwa came in around 7.5%.
• 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%).
• The RSE's other equities are mostly Kenyan cross-listings (KCB, Equity Group, NMG) plus MTN Rwanda, I&M Bank Rwanda and Cimerwa — declarations from those names are tracked as they are confirmed on their home boards.

> 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

Yields at declaration: BK Group ~10.5%, Bralirwa ~7.5%. Amounts are gross, before withholding.

## Company Notes

BK Group — RWF 32.5 final. Bank of Kigali is Rwanda's banking system in miniature: the largest lender by assets, branches and profits, and the RSE's anchor listing (it also carries a cross-listing in Nairobi). The FY2025 final — ex May 15, paid June 12 — extended its record as the market's most reliable cash returner, and at roughly 10.5% at declaration it was one of the richer bank yields anywhere in East Africa this season.

Bralirwa — RWF 75 final. The Heineken-majority brewer — Primus, Mützig, Amstel, plus Coca-Cola bottling for Rwanda — remains the RSE's consumer bellwether. Its RWF 75 final (ex May 23, paid June 20) put a ~7.5% declaration yield on the board. Bralirwa was the RSE's first listing in 2011 and has paid through most of the years since.

## What Stood Out This Season

A June payment cluster, again. Like Tanzania next door, Rwanda's two anchor payers both paid within eight days of each other in mid-June. Investors wanting the 2027 editions need to be holding before the mid-May ex-dates.

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, and it makes a listed 10% declaration yield worth roughly 9.5% net to a local holder.

## How to Track RSE Dividends

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

## FAQ

Which Rwandan companies have paid dividends in 2026? Two tracked so far: BK Group (RWF 32.5 per share, paid June 12, 2026) and Bralirwa (RWF 75 per share, paid June 20, 2026).

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

Which RSE stock had the higher yield in 2026? BK Group — roughly 10.5% at declaration, versus about 7.5% for Bralirwa.

## Sources

• Mansa Markets Rwanda dividend calendar — compiled from company declarations and RSE notices
• BK Group Plc — FY2025 results and dividend declaration
• Bralirwa Plc — FY2025 results and dividend declaration
• Rwanda Revenue Authority — withholding tax rates on listed securities

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.