Africa-Press – Namibia. SHAREHOLDERS of listed telecommunications holding company, Paratus Namibia Holdings Limited should expect a 10 cents per share dividend to be paid out to them this coming Friday.
According to the Namibia Stock Exchange dividends calendar, Paratus is the only local company paying dividends this week, and this month, and the final day to trade to participate in the dividend was last Friday.
Weekly data from the NSX indicates that 11 other Namibian companies listed on the NSX won’t pay out any distributions soon.
The data, as released by the bourse officials, indicate that last week saw N$46,2 million worth of shares being traded by investors into Namibian companies – with FirstRand Namibia shares responsible for N$41,3 million (89,3%).
Overall, trades were at N$108 million for the main board, N$188 000 for the over the counter board, and no trades were recorded for the development board.
Exchange traded funds also saw minimal trades, with only N$1,8 million traded over two instruments.
Standard Bank Namibia announced that one of its non-executive directors Alpheus Mangale has resigned from the board.
Bank Windhoek, a Capricorn Group subsidiary, announced that it was resetting its coupons on the following bonds to BWJf26S (6,392%), BWJL23 (5,842%) and BWJL25 (6,052%), effective as of 2 June 2022 until September 2022.
The bank has almost depleted its listed bonds quota, and to date has issued N$4 billion of the N$5 billion listing quota.
B2Gold Corporation announced that it was declaring a 63 cents dividend, and Vukile Property Fund Limited, the owners of the Katutura Shopping Centre, released a trading update for the year ended 31 March 2022, indicating improved performance across revenue, profit and earnings per share.
A focus on Trustco Group Holdings Limited: The company’s shares are now trading at 99 cents per share as of last week Friday. The last time the company paid a dividend was in August 2016.
Trustco is not the only company that has shed weight Standard Bank Namibia Limited, being on the bourse for just two odd years, was trading 50% below its initial public offer, at N$4,50. The lowest it went was N$4,00 a few weeks ago.
Investors are still advised to exercise caution when dealing in Trustco, FirstRand Limited and Alpha Namibia Industries Renewable Power shares.
No annual general meetings are happening this coming week.
NSX selected local
companies share prices
on Friday, 10 June 2022:
MTC – N$7,99
Namibia Breweries – N$40,00
Nictus Holdings – N$1,75
Capricorn Group – N$12,79
FirstRand Namibia – N$30,50
Letshego Namibia – N$2,98
Namibia Asset Management – N$0,67
Oryx Properties – N$10,25
Anirep – N$9,00
Paratus Holdings – N$12,19
Standard Bank Namibia – N$4,50
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