It surprises me too.

Kwani it is only Co-op's 12% that is a problem. Look at the other threads and see people celebrating similar or even slightly lower dividend yields days before the massacre began.

Besides the hassles you have alluded to , what is 20% of 20K surely? Isn't this the true definition of peanuts?

https://www.businessdail...-in-co-op-bank--4169060

Billionaire investor Baloobhai Patel has bought an additional 14.6 million shares in Co-operative Bank with a current market value of Sh181.8 million, entrenching his position as the lender’s second-largest individual investor.

Filings by the Nairobi Securities Exchange-listed firm show that Mr Patel raised his holdings in Co-op Bank to 55.1 million shares at the end of last month from 40.4 million shares as of December 31, 2022.

This led to his stake in the country’s third largest bank rising to 0.94 percent –with a current market value of Sh683.8 million— from 0.69 percent over the same period.

Mr Patel is among investors set to benefit from Co-op Bank’s new record dividend of Sh1.5 per share or a total of Sh8.8 billion for the year ended December.

This will see Mr Patel receive a payout of Sh78.5 million, net of taxes.

The bank raised the dividend by 50 percent from the Sh1 per share distributed for the previous financial year.