Nedbank declares E50m special dividend

MBABANE – Nedbank Eswatini Limited has declared a special dividend of 203 cents per share, amounting to E50 million.

This has further strengthened its reputation for delivering strong shareholder returns amid a competitive banking sector.

In a notice published on the Eswatini Stock Exchange (ESE) website, where the bank is listed with a market capitalisation of E394 million, the Board confirmed that the dividend will be payable to shareholders registered in the company’s books at the close of business on September 18, 2025.

The transfer books and register of members will be closed from September 19 to 26, 2025, both days inclusive, to determine shareholders entitled to the payout. Payment is expected on or about September 30, 2025, with normal and withholding tax deductions applicable for local and non-resident shareholders, respectively. The Board further emphasised that all solvency, liquidity and capital requirements were fully met in the process of declaring the dividend, reflecting the bank’s solid capital position and prudent financial management practices.

This special dividend declaration comes on the heels of Nedbank Eswatini’s final dividend announcement of E193 million for the financial year ended December 31, 2024 – a remarkable 93 per cent increase from the E100 million declared in each of the two previous years.

In both 2022 and 2023, the bank declared final dividends amounting to 406 cents per share, totalling E100 million each year. The 2024 payout represented a E93 million increase, underlining the bank’s robust earnings growth and strengthened capacity to create long-term shareholder value.

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