Old Mutual declared a final dividend in its 2022 financial results that will take its shareholder distributions for the year to R3.7bn, which will be further augmented in time with a planned share buyback.

The insurance and investment group declared a final dividend of 51c per share, taking the full dividend for the year to 76c, which once adjusting for the effect of the Nedbank unbundling, is 13% up from the previous year. Old Mutual also earmarked R1bn- R1.5bn for a share buyback plan that remains subject to board and Prudential Authority approval...

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.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.