EnX shares initially rise on surprise R364m special payout
The group declared a R2 per share one-time dividend, having previously considered a R1.50 payout
04 April 2022 - 09:31
UPDATED 04 April 2022 - 18:58
Shares of petrochemicals, equipment and logistics group enX rose as much as 10% on Monday after it surprised the market with a R2 per share special dividend, funded from the R700m sale of its materials handling business EIE.
The group had previously stated it was considering a R1.50 per share special dividend, or R272m, but said on Monday it is in a strong financial position, allowing it to make the R384m payout...
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