Nictus Limited Boosts Dividend: Final Payment Increased for 2023

  • Nictus Limited declares final gross cash dividend of 5.00 cents per ordinary share for the year ended 31 March 2023, marking an increase from the previous year.
  • Salient dates for dividend payment: last day to trade cum dividend is Tuesday, 18 July 2023; shares commence trading ex-dividend on Wednesday, 19 July 2023; record date is Friday, 21 July 2023; payment date is Monday, 24 July 2023.
  • Additional information: local dividend withholding tax rate is 20%; net local dividend amount is 4.00 cents per ordinary share for taxable Shareholders; Nictus' issued share capital is 53,443,500 ordinary shares as of 30 June 2023.
By Lethabo Ntsoane

Nictus Limited (JSE: NCS) has announced the declaration of a final gross cash dividend for the year ended 31 March 2023. The dividend, amounting to 5.00 cents per ordinary share, marks an increase from the previous year’s dividend of 3.00 cents. The dividend will be paid out of the company’s income reserves.

The salient dates for the payment of the final dividend are as follows:

Last day to trade cum dividendTuesday, 18 July 2023
Shares to commence trading ex-dividendWednesday, 19 July 2023
Record dateFriday, 21 July 2023
Payment dateMonday, 24 July 2023

Shares may not be rematerialized or dematerialized between Wednesday, 19 July 2023, and Friday, 21 July 2023, both days inclusive.

In terms of South African taxation legislation and in accordance with the JSE Limited Listings Requirements, the following additional information is disclosed:

  • The local dividend withholding tax rate is 20%.
  • The net local dividend amount is 4.00 cents per ordinary share for Shareholders liable to pay tax on dividends.
  • The gross local dividend amount is 5.00 cents per ordinary share for Shareholders exempt from paying such dividend tax.
  • Nictus’ income tax reference number is 9400084712.
  • Nictus’ issued share capital, as of 30 June 2023, is 53,443,500 ordinary shares.
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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: Twitter: @NtsoaneLethabo