Zimbabwe Stock Exchange-listed company Zimplow Holdings Limited has declared a dividend of US$300 000 for the year ended December 2017.
According to a statement, the dividend will be declared at 0.13US cents per share.
“Zimplow Holdings Limited Board of directors has declared a final dividend of $300,000 (0.13US cents per share) for the year ended 31 December 2017 payable in respect of all the ordinary shares of the Company.
“The dividend will be payable in full to all the shareholders of the Company registered at the close of business on Friday 23 March 2018,” reads the statement.
The company added that the dividend will take place on or about 28 March 2018.
“The payment of the dividend will take place on or about 28 March 2018. The withholding tax of 10% (where applicable) will be deducted from the gross dividend.
“The shares of the Company will be traded cum-dividend on the Zimbabwe Stock Exchange up to the market day of 20 March 2018 and ex-dividend from 21 March 2018,” they said.
Meanwhile, the group turnover for the year ended December 2017 rose by 60% to US$38.8 million resulting in a profit after tax of US$3.4 million-a huge swing from the previous year’s loss of US $2.5 million.
Zimplow is a manufacturer based inZimbabwe, makes farm equipment such as plows, harrows planters, hoes and much more Zimplow is a specialist in animal traction technology and its main equipment brand is the Mealie Meal and other divisions include C.T Bolts and Tassburg.
