The group declares a R2 per share one-time dividend, having previously considered a R1.50 payout
Shares of petrochemicals, equipment and logistics group enX were on track for their best day in two weeks on Monday after it surprised the market with a R2 per share special dividend, funded from the R700m sale of its materials handling business EIE.
The group had previously stated it was considering a R1.50 per share special dividend, or R272m, but said on Monday it is in a strong financial position, allowing it to make a R384m payout...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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