FirstRand declares highest dividend in its history
The annual and special dividend means shareholders received a total distribution of R26.2bn for the year to end-June 2022
15 September 2022 - 10:27
UPDATED 15 September 2022 - 17:37
FirstRand, the financial services group comprising FNB, Rand Merchant Bank (RMB), WesBank and Aldermore, declared the highest annual dividend in its history as its earnings recovered in the 2022 financial year, surpassing pre-pandemic levels.
The group declared an annual ordinary dividend of 342c as well as a special dividend of 125c for the year to end-June 2022, which when combined amounted to a 78% increase over the 263c paid previously. The combined dividend meant the total distribution to shareholders for the 2022 financial year amounted to R26.2bn...
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.