Capitec Bank Announces Preference Share Dividend

Strategic Insights -

Capitec Bank Holdings Limited has announced a declaration of preference share dividend for its non-redeemable, non-cumulative, non-participating preference shares. The dividend offers a payment of 454.95 cents per share for the six-month period concluding on August 31, 2025, with distributions scheduled for disbursement on September 22, 2025. This decision adheres to the Johannesburg Stock Exchange's directives and aligns with relevant JSE Listings Requirements. The dividend is classified as a cash distribution under the Income Tax Act, with a prevailing South African dividend tax rate of 20%, resulting in a net dividend value of 363.96 cents per share after tax deductions.

Key Takeaways:

  • The dividend payment of 454.95 cents per share will be distributed on September 22, 2025, for the six-month period concluding on August 31, 2025.
  • The dividend is classified as a cash distribution under the Income Tax Act, with a prevailing South African dividend tax rate of 20%.
  • The net dividend value stands at 363.96 cents per share after accounting for tax deductions.
  • Capitec Bank has issued 463,612 preference shares, which will receive the dividend payment.
  • The last day to trade cum-dividend is September 16, 2025, with ex-dividend trading commencing on September 17, 2025, and a record date on September 19, 2025.
  • Shareholders are restricted from dematerialising or rematerialising share certificates from September 17 to September 19, 2025.
  • The dividend reflects Capitec Bank's commitment to providing returns to its shareholders while adhering to the established regulatory framework.

Statistics:

  • 454.95 cents: The dividend payment per share for the six-month period.
  • September 22, 2025: The date when the dividend distribution is scheduled to take place.
  • 20%: The prevailing South African dividend tax rate.
  • 363.96 cents: The net dividend value per share after accounting for tax deductions.
  • 463,612: The number of preference shares issued by Capitec Bank.
  • September 16, 2025: The last day to trade cum-dividend.
  • September 17, 2025: The date when ex-dividend trading commences.
  • September 19, 2025: The record date for shareholders.

Sources:

  • "Capitec Bank Holdings Limited declares preference share dividend" (Johannesburg Stock Exchange) [August 29, 2025]
  • "JSE Listings Requirements" (Johannesburg Stock Exchange)
  • "Income Tax Act" (Government of South Africa)