Unpaid dividends drives drop in CEC’s share price by 3%

The Copperbelt Energy Corporation PLC (CEC) a […]

The Copperbelt Energy Corporation PLC (CEC) a privately owned Zambian power generation, transmission, distribution, and Supply company has continued to recorded a decrease in share price with a recent report indicating a drop of about 3%.

Despite the fact that CEC was the first listed equity on the Lusaka Securities Exchange LuSE to reach the $1 billion market Capitalisation, CEC’s performance on the exchange interms of share price has consistently been recording a drop.

According to the latest Stockbrokers Zambia weekly report for the market period ended 7 August 2026, CEC’s share price dropped by 2.6% with price closing at K15.9 per share.

Further, the company was ranked second interms of market turnover contribution has it had a volume of about 99,000 and a market turnover of K1.6 million equivalent to $84,000.

Earlier the Zambian Business Times- ZBT conducted an interview with a broker whose name remains with held on factors that are contributing to CEC’s drop in CEC share price. In response the broker attributed CEC’s drop in share price due to investors offloading their share from the company considering unpaid dividends.

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“Most of the individuals that were holding on to shares in CEC have opted to offload considering that the company has not yet paid out dividends, so we have a situation where more investors want to sell-off rather than buying the stock,” she noted.

The source added that Copperbelt Energy Cooperation only declared their interim dividends last year (2025) but final dividends were not declared at their annual General meeting during their financial year presentation.

” CEC had announced their interim dividends last year but final dividends were not declared at the AGM meeting during their financial year presentation,” said

She added that companies that have their year ending in December are supposed to hold their Annual General Meeting by the 31 March and announce the decision of the board on whether dividends will be declared or not. CEC has since been contacted and could not give an immediate response but opted to be sent a query which at the time of publishing had been sent

Article by Justine Phiri