Business - Companies & Markets - Featured - Local - December 3, 2020

UNIF shareholders to receive dividends payments

By Bridget Mabanda

UNIFREIGHT Africa Limited (UNIF) board has declared ZWL7,04 cents per share to its shareholders for the year ended 31 December 2019 in respect of all the ordinary shares of the company.

UNIF stock closed its last trading day (Thursday, November 26, 2020) at 0.1550 ZWL per share on the Zimbabwe Stock Exchange (ZSE), recording a 19.69% gain over its previous closing price of 0.1295 ZWL.

UNIF began the year with a share price of 0.09 ZWL and has since gained 72.22% on that price valuation, ranks at 54th on the ZSE in terms of year-to-date performance.

In a statement, the company secretary, Moreblessing Tendai Mukamba said dividends will be paid to registered shareholders.

“This dividend will be payable in full to all Shareholders of the Company registered at the close of business on 18 December 2020.
The payment of the dividend will take place on or about 23 December 2020,” she said.

Mukamba added that the applicable shareholders’ tax will be deducted from the Gross Dividends and the shares will trade at the stock exchange.

“The shares of the Company will be traded cum-dividend on the ZSE up to the market day of 15 December 2020 and ex-dividend as from 16 December 2020, she added.

The Group is requesting shareholders to submit updated mailing and banking details with the Transfer Secretaries to enable the payment of their dividends.

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