STEPHEN CRANSTON: Dividends are bouncing back almost everywhere
The cash companies inject into economies is substantial, and SA saw big payouts from groups such as BHP
18 November 2021 - 16:38
It doesn’t really mean much when you hear that a company paid a dividend of, say, 50c a share. But when you hear dividends expressed in absolute terms you can see the significant cash injections they can bring to the economy.
In the third quarter of 2021, for example, Anglo American Platinum paid out no less than R3.13bn to shareholders. Kumba Iron Ore was also generous, with a R1.55bn payout. Banks did not pay dividends in 2020 but started to make up for lost time. Standard Bank distributed the most largesse, paying out R390m...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.