Dubai real estate fund ENBD REIT pays lower interim dividend to save up on cash
Dubai: The real estate fund ENBD REIT is shelling out lower interim dividends for the April to September period, reserving cash for future property acquisitions. The latest dividend will be $4.85 million (or $0.0194 a share) and which is 4.9 per cent lower than what was paid in the six months up to March 31, 2020.It was also done to “accommodate a cash reserve for navigating adverse market conditions”, the fund manager said in a statement. (The latest dividend represents 80 per cent of the net rental income generated by assets in its portfolio.)The proposed interim dividend is subject to a sha...
Guinness Declares Dividend To Shareholders
Dr. Felix Addo (right) addressing the meetingGUINNESS GHANA Breweries PLC has declared dividend for the third year running to its shareholders, after the company’s 48th annual general meeting in Accra.The financial year under review delivered GH¢4.26 million in dividend, which translated into a dividend payout of GH¢0.0138 per share, which was approved by the shareholders on Wednesday.Board Chairman of Guinness Ghana, Dr. Felix Addo, said the company had had another positive performance and remained unrelenting on its ambition to create the best performing, most trusted and respected consumer ...
Daily Guide Network
JKH declares 2nd interim dividend worth Rs. 659 m | Daily FT
Given the faster-than-anticipated recovery following the resumption of business activity in the country and the strong growth momentum witnessed across the Group businesses, with the exception of Leisure, John Keells Holdings has declared a second interim dividend of Rs. 0.50 per share to be paid on or before 7 December 2020.The second interim dividend payout will be Rs. 659 million“The declaration of this dividend reflects the cash generation capability of the Group’s diverse portfolio of businesses,” Chairman Krishan Balendra said. The Group declared a first interim dividend of Rs. 0.50 per ...
Daily Financial Times
Seplat’s Q3 revenue dips to $388million on lower oil prices
Seplat Petroleum Development Company Plc, a leading Nigerian independent energy the company listed on both the Nigerian Stock Exchange and London Stock Exchange has announced an interim dividend at a rate of $0.05 (Five Cents) per Ordinary Share (subject to appropriate withholding tax). The company has released to the investing public its unaudited results for the nine months ended September 30, 2020.Seplat’s share price was flat at N420 per share as at 1 pm Nigerian time on Friday, October 30, 2020.The interim the dividend is to be paid to SEPLAT’s shareholders whose names appear in the Regis...
Voda investors to pocket Sh0.4tr special dividend
Dar es Salaam. Shareholders of Vodacom Tanzania will share a total of Sh400 billion during the coming weeks after the company decided to issue a special dividend.A special dividend is defined as a non-recurring distribution of company assets, usually in the form of cash, to shareholders. It is usually larger compared to normal dividends paid out by the company and often tied to a specific event like an asset sale or other windfall event.Vodacom Tanzania announced yesterday that it would issue a total of Sh400 billion until November 13, 2020 so as to improve capital allocation.The amount transl...
Airtel Tanzania issues Sh33 billion dividend to government
Dodoma. Airtel Tanzania Plc yesterday gave Sh32.9 billion as a dividend to the government, adhering to last year’s pact between the government and Bharti Airtel.Last year, the government and Bharti Airtel agreed that the latter would pay the former Sh60 billion over a period of five years to settle an ownership dispute.Bharti Airtel chairman Sunil Mittal said in June last year that Airtel would pay the government Sh1 billion every month for sixty months starting April 2019. He said the company would also pay the government a special dividend at end of 2019.The payments were part of a January d...
UBA releases half year audited account, paying 17K interim dividend
Gross earnings for United Bank for Africa grew to N300.6 billion in the first half of this year despite the challenges posed by COVID-19 pandemic.For the same period last year, earning was N294 billion. The bank said it is paying shareholders an interim dividend of N0.17K per share.According to the bank’s audited account submitted to the Nigerian Stock Exchange, the bank saw growth across key performance indices. This was partly because of increased contributions from its African subsidiaries.The Group recorded N2.2 trillion in net loans to customers, representing a 6.1 per cent growth even as...
UBA delivers N300.6bn gross earnings, declares 17kobo interim dividend
Africa’s leading financial institution, United Bank for Africa (UBA) Plc, has announced its audited financial results for the half-year (H1) ended June 30, 2020, showing commendable growth across key performance indices as well as an increased contribution from its African subsidiaries.Notwithstanding the challenging business and economic environment occasioned by the Covid-19 pandemic, the pan African financial institution was able to deliver growth in its gross earnings which rose to N300.6billion up from N294billion recorded in the same period of 2019.According to its results filed with the...
Top 10 dividend investing blogs you should be reading
Our investment returns depend on three main things – earnings growth, changes in valuation multiples, and of course, dividends. Some investors reinvest their dividend to boost their long-term returns. Others see dividends as a regular source of income. If you are interested in dividend investing, there are a number of excellent dividend investing blogs worth following. They provide valuable insights, tools, personal experiences, and strategies to help you understand and take advantage of the power of dividends.Q2 2020 hedge fund letters, conferences and moreTop dividend investing blogsIf you w...
BP PLC Cuts Dividends By 50 Percent
British based energy giant BP PLC (BP) cut dividends by 50% to 31.50 cents/share for each American Depository Receipt ( minus any ADR fees). This was the first dividend cut for BP since 2010, when it had a costly oil spill in the Gulf of Mexico.Q2 2020 hedge fund letters, conferences and moreBP Follows Royal Dutch Shell And Cuts DividendsThis is the second oil major to cut dividends, after Royal Dutch Shell (RDS.B) cut dividends at the end of April 2020.The turbulent global economy, the pandemic, and the low energy prices are the reasons for this move. This move would provide the company with ...