MTN Group resumed annual dividends on Wednesday, declaring a higher payout than previous guidance as a divestment plan made progress and the firm reported higher profit.
annual dividends on Wednesday, declaring a higher payout than previous guidance as a divestment plan made progress and the firm reported higher profit.
It said at the time it would announce a revised medium-term dividend policy in March 2022 and anticipated paying a total ordinary dividend of at least R2.60/share for fiscal 2021.“The board has looked at the cash balances, solvency and liquidity as well as the investment profile that we have in the year ahead and has declared a dividend of R3/share, so 40c higher than our minimum,” said group CEO Ralph Mupita.
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