It’s February, and several JSE companies have already indicated that they will be paying dividends, with the last day to buy qualifying shares within the month.
Novus Holdings Limited and Frontier Transport Holdings Limited will be paying special dividends.
Frontier Transport Holdings Limited will be paying R1.37 per share.
Last trading date – 06 February 2024
Payment date – 12 February 2024
Novus Holdings Limited will be paying R0.50 per share.
Last trading date – 13 February 2024
Payment date – 19 February 2024
MiX Telematics Limited will be paying R0.04 per share.
Last trading date – 20 February 2024
Payment date – 26 February 2024
Hudaco Industrial Limited will be paying R7.00 per share.
Last trading date – 27 February 2024
Payment date – 04 March 2024
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What are dividends? In simple terms, dividends are payments made by a company to its shareholders. These are usually a distribution of profits. Some investors have the perception that dividends come with each investment choice they make, which is not necessarily the case.
There are various online resources available to view which companies are currently scheduled to pay dividends to shareholders. One of these is Sharenet, who publishes a market calendar here. Select the drop down option and then select “Dividends-LTD” (this is the last day to trade date to be eligible for the dividend) or “Dividends-PAY” (payment date for eligible shareholders).
