Ayo almost doubles interim dividend despite swing into losses
The technology company has declared a dividend for the period of R223m despite incurring an after-tax loss of R87m
26 May 2021 - 19:03
Ayo Technology Solutions, the listed technology company indirectly controlled by businessman Iqbal Survé, has ramped up its interim dividend despite incurring losses for the six-months to end-February.
The company announced via a Sens statement on Tuesday that it will increase its interim dividend by 86% to 65c per share for the period, amounting to a gross dividend of R223.6m. The majority of the dividend (R111.5m) will accrue to entities such as Ayo’s parent company, African Equity Empowerment Investments (AEEI), that is also indirectly controlled by Survé...
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.