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Business Reporter
ZIMRE Holdings Limited (ZHL) has declared a dividend of $3,1 million for the financial year ended December 31, 2019.
The Zimbabwe Stock Exchange-listed firm said the dividend would be paid on or before the 24th of June, 2020.
“Notice is hereby given that the directors of ZHL have declared a final dividend of $3,1 million amounting to $0,002021732 per share for the year ended 31 December 2019.
“The dividend is payable to shareholders registered in the books of the company at the close of business on Friday 19 June 2020,” said ZHL in a notice.
It said the last day to trade cum-dividend is June 16 and the dividend ex-date is the 17th of June.
“The dividend is payable to shareholders registered in the books of the company at the close of business on Friday 19 June 2020.
“The applicable shareholders tax will be deducted from the gross dividends,” said the company.
In the first quarter trading update for the period ended March 31, 2020, the group said it was on course to achieve its performance targets for the year.
“However, the unexpected outbreak of the Covid-19 global pandemic in the last part of the quarter with its negative impact on business performance created a material uncertainty that would require extensive business re-strategising for survival,” it said.
Going forward, ZHL noted that its resilience and that of the Southern African region shall be tested in the second half of the year.
“ZHL shall lean heavily on its financial strength buttressed by its size-able property portfolio to weather the storm and preserve shareholder value.
“The strategic focus shall be responding to the effects of the Covid-19 pandemic and implementing short-term survival strategies including balance sheet preservation and cost control,” it said.
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