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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 of 2.5 times within a range of 2.0 times to 3.0 times. In the 2019 financial year, Momentum Metropolitan Holdings declared an ordinary dividend of 70 cents per ordinary share for the full year.

Dividend Dates

Publication of declaration data 5 March 2020
Last date to trade cum-dividend 25 March 2020
Trading ex-dividend 27 March 2020
Record date 30 March 2020
Payment date 31 March 2020

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.

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