9 million of share repurchases through September 30, 2016, and USD184 million of special and
ordinary dividends declared in 2016, total capital returned to shareholders during 2016 is USD284 million.
The
ordinary dividends received by Phuthuma Nathi shareholders have more than tripled, growing from 43,3 cents per share in 2007 to 142,22 cents per share in 2013.
Explaining the disparity in dividend value, Old Mutual Namibia said in a statement that disbursements of special dividends are inevitably larger than
ordinary dividends paid out by a company, and are a non-recurring distribution of company assets to shareholders.
1% of the shares and will get a pro-rata share of the pounds 340m payment, which is in addition to
ordinary dividends.
Since Tim did not receive the dividend payment as the owner of the shares, the payment amount will be taxable as ordinary income and will not be eligible for the lower 15 percent tax rate on
ordinary dividends under the 2003 Tax Act.
The 20% interest and other items including
ordinary dividends and interest were bought for USD80m.
By getting the difference, one came up with the amount for
ordinary dividends.
Shares surged 26p to 395p yesterday as the bank said it would bring
ordinary dividends for the year up 6p to 9p, as well as paying a special dividend of 6p.
9m through 30 September 2016 and USD184m of special and
ordinary dividends declared in 2016, total capital returned to shareholders in the year is USD284m, the company said.
Shionogi will also become a 10% shareholder in ViiV Healthcare and will be entitled to a proportional share of
ordinary dividends paid.
Without the shift, the IRS estimates more than 40 million taxpayers would have to file Schedule B, Interest and
Ordinary Dividends, or Schedule 1 next year.
