Nedbank jumps as dividend helps

Comment on this story
NedbankHQ Independent Newspapers Nedbank head offices in Sandton North of Johannesburg. File photo: Simphiwe Mbokazi

Johannesburg - Shares of Nedbank rise 2.2 percent to 192.11 rand, helped by a better-than-expected dividend payout.

South Africa's fourth-largest bank reported a 19 percent rise in full-year profit on Monday that was short of market consensus.

However, the dividend beat consensus.

Nedbank said it will pay a full-year dividend of 752 cents per share, above the estimate of 749 cents in a Reuters poll of analysts. - Reuters

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines