A major concern centers on a drafting note which suggests that states should evaluate ordinary dividends
for potential regulatory disapproval.
The USD 0.29 per share dividend includes a USD 0.16 per share regular quarterly cash dividend and an additional special cash dividend of USD 0.13 per share, bringing the total special and ordinary dividends
declared in 2018 to USD 0.73.
The firm paid ordinary dividends
of PS1.4m during the year but directors did not recommend payment of a final dividend.
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.
Brian Souter, chief executive of the Perth-based group, owns 15.1% of the shares and will get a pro-rata share of the pounds 340m payment, which is in addition to ordinary dividends
Total ordinary dividends
for the year were USD0.80 per share.
Aker Kvaerner also said that it plans to transfer some NOK2.2bn to its shareholders in extraordinary and ordinary dividends
l(g) provided that a child under age 14 who had unearned income (e.g., interest, ordinary dividends
, capital gains, etc.) in excess of $1,700 (in 2006) was taxed at the parents' highest marginal income tax rate, but only if the child had a living parent at the end of the year and the tax at the parents' rate exceeded the tax at the child's rate.
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.
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.
If the company has followed a policy of not regularly increasing dividends, it can use the cash paid for ordinary dividends
as reported in the cash flow statement.