Financial Metrics
Dividend Policy
The JSE has adjusted its dividend policy to reflect a more appropriate balance between cash returns to shareholders and reinvestment into the business. As such, we have updated the annual dividend policy from a progressive approach to a pay-out ratio (67% – 100% of earnings). The Board is confident that the updated dividend policy is congruent with the Group’s growth strategy over the medium term.
This trend is expected to continue for the next few years.
| Dividend Declared | ||
|---|---|---|
| Year | Dividend (Cents) | |
| 2009 | 192 | |
| 2010 | 210 | |
| 2011 | 250 | |
| 2012 | 250 | |
| 2013 | 400 | (350 plus 50 special dividends) |
| 2014 | 480 | (400 plus 80 special dividends) |
| 2015 | 625 | (520 plus 105 special dividends) |
| 2016 | 560 | |
| 2017 | 605 | |
| 2018 | 840 | (655 plus 185 special dividends) |
| 2019 | 840 | (690 plus 150 special dividends) |
| 2020 | 725 | No Special dividend declared |
| 2021 | 854 | (754 plus 100 special dividends) |
| 2022 | 769 | No Special dividend declared |
Analyst Coverage
| Firm | Analyst | |
|---|---|---|
| Avior | Sabena Omar | [email protected] |
JSE Limited is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding JSE Limited's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of JSE Limited or its management. JSE Limited does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.