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Netcare Limited Announces 486.01541 Cents Preference Dividend for Shareholders, Payment Set for May 13, 2024

  • Netcare Limited declared a preference dividend of 486.01541 cents per share for the period ending March 2024.
  • Shareholders can expect the dividend payment on May 13, 2024, recorded in the company's books by May 10, 2024.
  • The Dividends Tax rate is 20%, resulting in a net local dividend of 388.81233 cents per taxed share.

Netcare Limited recently declared a preference dividend for its shareholders. This move signifies the company’s commitment to delivering value to its investors while navigating the dynamic landscape of the healthcare sector.

Key Details of the Preference Dividend

Let’s delve into the specifics of Netcare Limited’s preference dividend declaration:

  1. Dividend Amount: The declared preference dividend stands at 486.01541 cents (gross) per preference share for the period from 1 October 2023 to 31 March 2024.
  2. Payment Date: Shareholders can expect to receive the dividend on Monday, 13 May 2024, provided they are recorded in the company’s books as of Friday, 10 May 2024.
  3. Income Reserves: The preference dividend has been declared out of Netcare’s income reserves, reflecting the company’s sound financial standing.

Dividends Tax Implications

Netcare Limited also provided insights into the Dividends Tax related to the preference dividend:

  1. Tax Rate: The local Dividends Tax rate applicable is 20%.
  2. Net Dividend Amount: After accounting for the Dividends Tax, the net local dividend amount is 388.81233 cents per preference share for taxed shareholders and 486.01541 cents per preference share for tax-exempt shareholders.

Trading and Record Dates

For shareholders interested in trading and recording the dividend, the following dates are crucial:

  • Last Date to Trade (LDT): Tuesday, 7 May 2024
  • Ex-Dividend Trading Date: Wednesday, 8 May 2024
  • Record Date: Friday, 10 May 2024
  • Payment Date: Monday, 13 May 2024

During the ex-dividend period, preference share certificates cannot be dematerialized or rematerialized.

Illustrating Netcare’s Preference Share Capital

To better understand the magnitude of Netcare’s preference share capital, let’s take a look at the following table:

Date of DeclarationPreference Dividend Amount (Cents)Net Local Dividend Amount (Cents)
9 April 2024486.01541388.81233 (Taxed)
486.01541 (Tax-Exempt)

This table highlights the declared dividend amount and the resulting net local dividend based on tax implications.


Netcare Limited’s preference dividend declaration underscores the company’s commitment to rewarding its shareholders. By providing detailed information on dividend amounts, tax implications, and important dates, Netcare ensures transparency and clarity for its investors. This move reflects Netcare’s financial stability and strategic management in the healthcare industry.



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