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Dividends

The Group’s dividend policy aims to grow dividends in line with diluted normalised headline earnings growth.

Dividend Policy

Following the completion of our R2 billion share buy-back programme in November 2018, we indicated that our future capital distribution will be set at a level consistent with our capital deployment plan and a desire to maintain steady solvency ratios under the new regulatory framework.

The Group targets a normalised headline earnings per share dividend cover within a range of 2.0 times to 3.0 times. In the 2021 financial year, Momentum Metropolitan Holdings declared an ordinary dividend of 40 cents per ordinary share for the full year.

Dividend Dates

Publication of declaration data 8 September 2021
Last date to trade cum-dividend 28 September 2021
First trading day ex dividend 29 September 2021
Record date 1 October 2021
Payment date 4 October 2021

The dividend will be subject to local dividend withholding tax at a rate of 20% unless the shareholder is exempt from paying dividend tax or is entitled to a reduced rate.

Dividend Calculator

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