Nedbank declares its highest dividend ever, launches R5bn share buyback

.Nedbank has declared the highest dividend in its history: a final dividend of 866 cents per share for the year ended in December 2022, up 14%. finance banks Moneyweb

Financial services firm Nedbank has declared the highest dividend in its history, after reporting strong revenue growth during its 2022 financial year. Read the full Sens announcement. The group declared a final dividend of 866 cents per share for the year ended in December 2022, up by 14% from 758 cents per share previously. The declared dividend brings the total dividend distribution to shareholders to 1 649 cents per share for the full 2022 year.

“A strong balance sheet and excess levels of capital enabled the group to declare a record-high final dividend as well as announce a R5 billion capital optimisation initiative, subject to regulatory approvals, to be executed over 12 months through both a share repurchase and an odd-lot offer,” Brown said.

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