Econet shareholders to receive an interim dividend

Leading telecommunications group, Econet Wireless Zimbabwe Limited has declared an interim dividend of 60 ZW cents per share following a positive trading performance.

In a trading update for the half year ended 31 August 2021,the company revealed a positive result for the period under review.

“The Company has declared an interim dividend of 60 ZW cents per share for the half year ended 31 August 2021. The dividend is payable on or about 16 December 2021 to registered ordinary shareholders as at the close of business on 10 December 2021.”

“The shares of the company will last trade cum dividend on 7 December 2021 and commence trading ex-dividend from 8 December 2021,” reads the update.

Financial performance for the period under review was positive with revenue rising by 95% from ZW$15.2 billion to ZW$29.6 billion.

Earnings before interest, tax, depriciation, amortisation, imparement and monetary adjustment (EBITDA) also increased by 127%.

Traffic for Econet also increased with subscribers raising by 7%, data traffic by 56% and voice traffic by 29%.

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