YeboYethu (RF) Limited has weathered market challenges, as revealed in its interim results for the six months ending 30 September 2023. The company’s financial statements, accessible on its official website (www.yeboyethu.co.za), present a mixed bag of triumphs and challenges.
YeboYethu’s noteworthy financial highlights for the specified period include:
Shareholders, however, bore the brunt of the market fluctuations, with YeboYethu reporting a basic loss per share of 2,748 cents. Despite this, the company remains committed to delivering value to its shareholders.
In a surprising move amid challenging times, YeboYethu’s board declared an interim dividend of 92 cents per share. This decision reflects the board’s confidence in the company’s long-term prospects and its commitment to shareholder returns.
To further dissect the dividend declaration, here is a breakdown of the relevant dates and figures:
|Last day to trade shares cum dividend
|Monday, 11 December 2023
|Shares commence trading ex-dividend
|Tuesday, 12 December 2023
|Thursday, 14 December 2023
|Monday, 18 December 2023
Note: Share certificates may not be dematerialized or rematerialized between Tuesday, 12 December 2023, and Thursday, 14 December 2023, inclusive.
Shareholders should be aware that the interim dividend is subject to a local dividend withholding tax rate of 20%. For those shareholders not exempt from paying dividend withholding tax, the net ordinary dividend will be 73.60000 cents per ordinary share.
On Monday, 18 December 2023, the interim dividend will be electronically transferred into the bank accounts of all certificated shareholders where this facility is available. Shareholders who hold dematerialized shares will have their accounts at their Central Securities Depository Participant (CSDP) or broker credited on the same day.
It’s important to note that YeboYethu’s primary investment is its stake in Vodacom Group Limited. Concurrent with YeboYethu’s announcement, Vodacom has released its interim results for the six months ended 30 September 2023. Shareholders are encouraged to visit Vodacom’s website (www.vodacom.com) for detailed insights into the telecom giant’s performance.
Despite the challenging economic environment, YeboYethu remains steadfast in its commitment to delivering value to shareholders. The declaration of an interim dividend, amidst the complexities of the market, underscores the company’s resilience and confidence in its strategic investments.
YeboYethu’s interim results reflect a nuanced financial landscape, blending successes and challenges. The declaration of an interim dividend signals the company’s dedication to its shareholders, even in the face of market uncertainties. As investors digest these results, the broader economic landscape will likely shape their perspectives on the resilience and adaptability of South African companies.