RMB Holdings lifts dividend 7% after solid FNB performance
Rand Merchant Holdings upped its dividend to 376c for the year to end-June, but warned that structural challenges in SA’s economy persist
RMB Holdings (RMH), which is the biggest shareholder of FirstRand, said on Friday a solid performance from FNB helped grow its headline earnings per share 7% for the year to end-June.
RMH, which holds 34% of SA’s largest banking group by market capitalisation, raised its total dividend 7% to 376c a share. ..