The dividend, which amounts to 257.60 South African cents (GHS 215) per share (gross 322 South African cents less 15% tax), is set to be converted on Tuesday, March 14, 2023.
This move by AGA is not only a reflection of the company’s strong financial performance over the past year but also a testament to its commitment to providing value to its shareholders. By offering a final dividend, AGA is giving back to its investors and showcasing its confidence in its ability to generate sustainable profits over the long term.
To qualify for the final dividend, shareholders must be registered in the books of AGA at the close of business on Friday, March 17, 2023. The Register of shareholders will be closed from Monday, March 20, 2023, to Tuesday, March 21, 2023, inclusive. This means that investors who wish to receive the final dividend must ensure that they are registered shareholders by the deadline.
Furthermore, in accordance with standard industry practice, AGA has set the ex-dividend date for Wednesday, March 15,2023. This means that investors who purchase AGA shares before this date will be entitled to the final dividend. However, those who buy AGA shares on or after Wednesday, March 15, 2023, will not be eligible for the final dividend payment.
The final dividend payment date has been set for Friday, March 31, 2023, which means that shareholders who qualify for the dividend will receive their payments on that date.
Overall, AGA’s announcement of a final dividend is a positive development for the company and its shareholders. It highlights the company’s strong financial position and commitment to returning value to its investors. As such, it is likely to be viewed favorably by the markets and contribute to investor confidence in AGA’s long-term prospects.