MTN Ghana (buying and selling as Scancom PLC on the Ghana Inventory Trade) shareholders are set to get pleasure from huge returns because the telecom big declared a document dividend for the 2024 monetary yr.
The corporate’s board introduced and its shareholders final week authorized a complete dividend of GHS0.305 per share, marking a 35.6 per cent improve from the earlier yr.
With an eight per cent withholding tax on dividends in Ghana, shareholders will obtain internet funds after tax deductions.
In response to GraphicOnline’s evaluation of MTN’s annual report, among the many greatest beneficiaries are the third highest shareholder in MTN Ghana, the Social Safety and Nationwide Insurance coverage Belief (SSNIT), Scancom PLC Board Chairman Ishmael Yamson, and Director Ebenezer Asante ( first Ghanaian to move MTN Ghana and at the moment the Vice President of MTN Group’s West and Central Africa (WECA) Area), whose shareholdings will earn them substantial payouts.
The bulk shareholder, Investcom Consortium Holdings S.A., can also be set to obtain a large windfall following this declaration.
The Social Safety and Nationwide Insurance coverage Belief (SSNIT), which owns 203,825,694 shares, will obtain an interim dividend of GHS13,248,670.11 and a closing dividend of GH₵48,918,166.56, bringing the overall dividend payout to GH₵62,166,836.67. After the eight % withholding tax deduction of GH₵4,973,346.93, SSNIT will take house a internet dividend of GH₵57,193,489.74.
The Board Chairman Ishmael Yamson, who holds 834,344 shares, will obtain an interim dividend of GH₵54,232.36 and a closing dividend of GHS200,242.56, making a complete dividend payout of GH₵254,474.92. After the deduction of GHS20,357.99 in withholding tax, Yamson’s internet earnings from the dividend might be GH₵234,116.93.
For Ebenezer Asante, who owns 8,000,100 shares, the interim dividend payout stands at GH₵520,006.50, whereas the ultimate dividend quantities to GH₵1,920,024.00, bringing his whole dividend earnings to GH₵2,440,030.50. With a withholding tax deduction of GH₵195,202.44, Asante will take house a internet dividend of GH₵2,244,828.06.
The bulk shareholder, Investcom Consortium Holdings S.A., which holds 9,535,213,597 shares, is ready to obtain the most important dividend payout. The interim dividend alone quantities to GH₵619,788,883.80, whereas the ultimate dividend stands at GH₵2,288,451,263.28, bringing the overall payout earlier than tax to a staggering GH₵2,908,240,147.08. With the eight % withholding tax amounting to GH₵232,659,211.77, Investcom will obtain a internet dividend of GH₵2,675,580,935.31.
The rise in dividend payouts follows MTN Ghana’s robust monetary efficiency in 2024, with income reaching GH₵17.9 billion.
The corporate’s dividend payout represents 80.26 per cent of revenue after tax, reinforcing its dedication to rewarding shareholders. Regardless of decreasing its stake, Investcom Consortium Holdings S.A. stays the dominant shareholder, whereas SSNIT has barely elevated its stake, reflecting rising native curiosity within the telecom big.
On the AGM, MTN Ghana introduced a closing dividend cost of 24 pesewas per share, topic to shareholder approval, with disbursement set for April 16, 2025. The corporate’s whole dividend for 2024 stands at 30.5 pesewas per share, translating to GH₵4.0 billion, which represents 80 per cent of the corporate’s revenue after tax of GH₵5.0 billion. This marks a 35.6 per cent improve in dividend per share in comparison with 2023.
MTN Ghana continues to carry a robust place in Ghana’s inventory market, providing important returns to each institutional and particular person traders.
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