Discovery Limited Declares Interim Preference Share Dividend

  • Interim Dividend Declaration: Discovery Limited declares an interim preference share dividend for the period July-December 2023.
  • Dividend Details: Gross cash dividend of 592.32877 cents per B preference share; net dividend after tax: 473.86302 cents.
  • Key Dates: Shareholders must note important dates: last day of trade, record date, and payment date.
Published by
Lethabo Ntsoane

Discovery Limited has announced the declaration of an interim preference share dividend. The dividend, declared by the company’s directors on Wednesday, 28 February 2024, pertains to the period from 1 July 2023 to 31 December 2023.

Details of the Dividend

  • The declared interim gross cash dividend amounts to 592.32877 cents per B preference share.
  • After the deduction of dividend withholding tax, the net dividend per B preference share stands at 473.86302 cents.
  • Shareholders who are not exempt will be subject to a dividend withholding tax of 20%.
  • The total issued preference share capital at the declaration date is 8 million B Preference shares.

Key Dates for Shareholders

EventDate
Last day of trade to receive dividendMonday, 18 March 2024
Shares commence trading “ex” dividendTuesday, 19 March 2024
Record dateFriday, 22 March 2024
Payment dateMonday, 25 March 2024

Restrictions on Preference Share Certificates:

During the period from Tuesday, 19 March 2024, to Friday, 22 March 2024, both days inclusive, B preference share certificates may neither be dematerialised nor rematerialised.

Reaction and Analysis:

The declaration of this interim preference share dividend by Discovery Limited reflects the company’s commitment to delivering value to its shareholders. The dividend serves as a reward for shareholders’ investment in the company and is based on the performance of Discovery Limited during the specified period.

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Lethabo Ntsoane

Lethabo Ntsoane holds a Bachelors Degree in Accounting from the University of South Africa. He is a Financial Product commentator at Rateweb. He is an expect financial product analyst with years of experience in reviewing products and offering commentary. Lethabo majors in financial news, reviews and financial tips. He can be contacted: Email: lethabo@rateweb.co.za Twitter: @NtsoaneLethabo