Rex Trueform Declares 6% Cumulative Preference Share Dividend

  • Rex Trueform Group Limited declares a 6% cumulative preference share dividend.
  • Dividend payment of 6.00 cents per preference share scheduled for July 22, 2024.
  • Shareholders must be recorded by July 19, 2024, to receive the dividend.

Rex Trueform Group Limited (RTO) has declared a cash dividend for its 6% cumulative preference shares. This announcement impacts the company’s preference shareholders and highlights the company’s financial activities for the six months ending 30 June 2024.

Dividend Details

The declared dividend is set at a rate of 6% per annum, translating to 6.00 cents per preference share. This dividend will be paid on Monday, 22 July 2024. Preference shareholders recorded in the register by close of business on Friday, 19 July 2024, will receive the payment.

Key Dates

Below are the critical dates for Rex Trueform’s preference share dividend:

EventDate
Last date to trade cum preference dividendTuesday, 16 July 2024
Ex-dividend dateWednesday, 17 July 2024
Record dateFriday, 19 July 2024
Payment dateMonday, 22 July 2024

Dividend Tax Details

The preference share dividend has been declared from income reserves. The local dividend tax rate stands at 20%. The gross dividend amount is 6.00 cents per preference share.

The net dividend amount for shareholders exempt from dividend tax is 6.00 cents per share. For shareholders liable to pay dividend tax, the net amount is 4.80 cents per share.

Capital Structure

Rex Trueform’s issued preference share capital includes 140,000 6% cumulative preference shares valued at R2.00 each. The issued ordinary share capital comprises 3,763,017 ordinary shares and 18,627,644 “N” ordinary shares, both of no par value.

Share TypeIssued Shares
Preference shares140,000
Ordinary shares3,763,017
“N” Ordinary shares18,627,644

Conclusion

Rex Trueform’s declaration of a 6% cumulative preference share dividend is a positive signal to the market. It highlights the company’s robust financial health and its dedication to shareholder value. Shareholders are encouraged to stay informed about key dates and tax details to maximize their benefits from this dividend.


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