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.
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
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.