Rainbow Tourism Group declare ZW$500 million dividend

Business Writer

HOSPITALITY concern Rainbow Tourism Group (RTG) has declared a final dividend of  ZW$500 million out of which US$250 000 will be paid in foreign currency, group chairman, Mr Douglas Hoto has said.

“On behalf of the Board of Directors, I am pleased to advise shareholders that the Group has declared a final dividend of  ZW$500 million out of which US$250 000 will be paid in foreign currency and the balance in local currency.

“This will bring the total dividend to shareholders for the year to ZW$880 million (equivalent to US$1.5 million), of which US$500,000 is in foreign currency, “Mr Hoto in the group’s annual 2022 report released today (Monday).

A notice with details of the dividend payment will be issued in the media, he added.