Old Mutual Limited has recently announced its final dividend for the fiscal year. This article delves into the details of the dividend declaration, its implications for shareholders, and the broader financial landscape.
Dividend Declaration Details Old Mutual declared a final dividend of 49 cents per share from distributable income reserves. This dividend applies to ordinary shareholders, except those on the London Stock Exchange (LSE).
Dividend Payment Dates Shareholders in South Africa will receive their dividends on Monday, 22 April 2024. Meanwhile, LSE shareholders will receive theirs on Tuesday, 21 May 2024.
Currency Equivalents and Exchange Rates Shareholders on different registers will receive dividends in local currency equivalents. These equivalents were calculated using specific exchange rates for each currency.
| Country | Local Currency Equivalent per Share |
|---|---|
| Malawi | 44.84243 Malawian kwacha |
| Namibia | 49.00000 Namibian cents |
| United Kingdom | 2.04397 GBP pence |
| Zimbabwe | 2.60722 USD cents |
Implications for Shareholders
Shareholders need to be aware of their local currency equivalents and the associated exchange rates. They should also consider tax implications based on their residency and consult with tax advisors if necessary.
Conclusion
Old Mutual Limited’s dividend declaration reflects its commitment to delivering value to shareholders while navigating regulatory and tax landscapes. Shareholders should stay informed about dividend payments, tax implications, and currency conversions to make informed financial decisions.
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