Kumba falls on ex-dividend effect

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Kumbaironore INDEPENDENT MEDIA Kumba's profit has fallen. Photo: Simphiwe Mbokazi.

Shares of Kumba Iron Ore fall more than 3 percent as the iron ore producer starts trading without the right to its latest dividend payout. Kumba is down 3.4 percent at 528.85 rand by 09:15 SA time.

Also trading ex-dividend are investment companies Adcorp Holdings, Sabvest and Excellerate, industrial group Hudaco Industries and New Africa Invest.

Ex-dividend dates, earnings results and dates for annual shareholder meetings are all available on Reuters corporate diary for South Africa, which is updated daily. - Reuters

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