Tanzania: Vodacom to Pay Shareholders Half of Profit As Dividend

SHAREHOLDERS of Vodacom aims to share half of its 2017 profit with shareholders as it posts performance results that exceed projected profitability and operating free cash flow targets.

The mobile phone firm announced its aim to declare a dividend of 50 per cent of earnings after tax. This would make it approximately 41/- per share. In November 2017, a gross final dividend of 28.5bn/-, equivalent to 12.74/- per share of 60 per cent of net profit after tax was paid to shareholders in respect of the financial year ended 31 March 2017.

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