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...

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