Econet declares  $ 10 million dividend


Econet Wireless the largest Mobile Network Operator  has declared a dividend of of 0.386 cents per share amounting to US$10 million for the first quarter ended 31 May 2017

With holding at a tax will be deducted at a rate of 10% were applicable whilst payments to foreign shareholders will be subject to exchange control approval and payment guideline  for foregn remittances.

Foreign shareholders are required to appoint or make arrangements with a  local bank of their choice to receive the dividend and to facilitateremmitence on their behalf.

However Ecocash mode of payment will remain effective to those shareholders who opted for Ecocash as a mode of payment and Non Corporate Sharehorders are encouraged to to provige their Ecocash details to the respective email, postal or physical  address

A dividend amount of $10 million will be paid per timelines that is Last Date to Trade-cum dividend  will be paid on Tuesday 26 September, Share Trade Ex Dividend will be paid on Wednesday 27 September, Record Date on Friday 29 September, and lastly Payment Date (on /about) on Wednesday 3 October.

Source: Financial Gazette

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