Nampak Limited Declares Cumulative Preference Share Dividends

Nampak Limited (JSE: NPK) has announced the declaration of cumulative preference share dividends for its shareholders. The company, headquartered in […]

Nampak Limited (JSE: NPK) has announced the declaration of cumulative preference share dividends for its shareholders. The company, headquartered in the Republic of South Africa, has outlined the specifics of these dividends in its latest press release.

Dividend Declaration Details

Nampak Limited has declared dividends for its 6.5% and 6% cumulative preference shares. This decision reflects the company’s commitment to rewarding its investors.

6.5% Cumulative Preference Shares

Nampak declared a dividend at a rate of 6.5% per annum for the six months ending 31 July 2024. This dividend, numbered 111, will be payable on Monday, 5 August 2024.

Key Points:

  • Dividend Rate: 6.5% per annum
  • Period Ending: 31 July 2024
  • Payment Date: 5 August 2024
  • Record Date: 2 August 2024

6% Cumulative Preference Shares

Similarly, for its 6% cumulative preference shares, Nampak declared a dividend at a rate of 6% per annum. This is also for the six months ending 31 July 2024, and the dividend is numbered 111.

Key Points:

  • Dividend Rate: 6% per annum
  • Period Ending: 31 July 2024
  • Payment Date: 5 August 2024
  • Record Date: 2 August 2024

Important Dates

The company provided important dates for shareholders to note. These include the last day to trade preference shares cum dividend and the record date for the dividends.

Salient Dates:

EventDate
Last day to trade cum dividendTuesday, 30 July 2024
Shares trade ex dividendWednesday, 31 July 2024
Record dateFriday, 2 August 2024
Payment dateMonday, 5 August 2024

During this period, no preference share certificates may be dematerialised or rematerialised from Wednesday, 31 July 2024 to Friday, 2 August 2024, both dates inclusive.

Conclusion

Nampak Limited continues to demonstrate its financial strength and commitment to its shareholders by declaring these cumulative preference share dividends. The company remains a reliable investment option in the South African market.