MTN announces GHS 0.05 gross interim dividend for Q2 2023
MTN Ghana has declared a gross interim dividend of GHS0.05 per share for the period ended 30 June 2023, compared to GHS0.04 per share in the same period last year.
The dividend declaration is subject to the appropriate taxes, and it applies to all shareholders registered in the books of Scancom PLC at the close of business on Friday, 18 August 2023. The number of ordinary shares in issue at the date of the interim dividend declaration stands at 13,236,175,050.
The ex-dividend date has been set on Wednesday, 16 August 2023. This means that investors purchasing MTNGH shares before this date will be entitled to the interim dividend. However, investors buying MTNGH shares on or after Wednesday, 16 August 2023, will not be eligible for the dividend.
The dividend payment date is scheduled for Friday, 8 September 2023, when the dividend will be electronically transferred to the bank accounts or mobile money wallets of qualifying shareholders.
MTN Ghana’s impressive financial results for H1 2023 were driven by strong revenue growth and strategic network investments. Profit after tax surged impressively by 27.9% to reach GHS1.7 billion, while EBITDA experienced robust growth of 29.4% YoY, reaching GHS3.5 billion. Despite a slight 1.3% dip in EBITDA margin to 56.1%.
The interim dividend declaration was approved by the Board of Directors on 28 July 2023, reflecting the company’s commitment to creating value for its shareholders and rewarding them for their continued support.
With a compelling financial performance and strategic vision, MTN Ghana continues to solidify its position as a leading player in the dynamic telecommunications industry in Ghana.
