YeboYethu Reports Reduced Loss, Declares 96 Cents Dividend

  • YeboYethu reports improved financials with basic loss per share at 4,004 cents, down from 5,884 cents.
  • The company declares a final dividend of 96 cents per share for the fiscal year.
  • Shareholders must note key dates for dividend payments, including the record date and payment date.

YeboYethu (RF) Limited has released its annual results for the fiscal year ending March 31, 2024. The company also declared a final dividend for its shareholders.

Annual Financial Performance

YeboYethu reported a basic loss per share of 4,004 cents. This is a significant improvement from the 5,884 cents loss per share reported last year. The results reflect the company’s continued efforts to manage its investments effectively.

Dividend Declaration

YeboYethu has declared a final gross dividend of 96 cents per ordinary share. This is in line with the funding terms of its BEE transaction. The dividend is payable on July 8, 2024, to shareholders recorded in the register by July 5, 2024.

Dividend Details
Gross Dividend96 cents per share
Payment DateJuly 8, 2024
Record DateJuly 5, 2024
Ex-Dividend DateJuly 3, 2024
Last Day to Trade Cum DividendJuly 2, 2024

Tax Implications

The dividend will be subject to a local dividend withholding tax rate of 20%. For those not exempt, the net dividend will be 76.8 cents per share.

Tax Details
Withholding Tax Rate20%
Net Dividend76.8 cents per share

Investment in Vodacom

YeboYethu’s only investment is in Vodacom Group Limited. Vodacom has also released its annual results for the same period. These results are available on the Vodacom website.

Shareholder Information

Shareholders should note important dates related to the dividend. Shares will commence trading ex-dividend on July 3, 2024. Share certificates may not be dematerialised or rematerialised between July 3, 2024, and July 5, 2024, both days inclusive.

Important Dates
Ex-Dividend DateJuly 3, 2024
Record DateJuly 5, 2024
Payment DateJuly 8, 2024
Last Day to Trade Cum DividendJuly 2, 2024

Dividend Payment Process

On July 8, 2024, the dividend will be electronically transferred into the bank accounts of all certificated shareholders. Shareholders who hold dematerialised shares will have their accounts credited on the same day by their CSDP or broker.

Conclusion

YeboYethu has shown improvement in its financial results for the year ended March 31, 2024. The declaration of a final dividend is a positive move for shareholders. Investors are advised to note the important dates related to the dividend. The company’s financial statements are available for further details.