Standard Bank Malawi Plc has announced an interim dividend of MK21.31 per ordinary share for the financial year ending 31 December 2024. This represents a total payout of MK5 billion, as resolved by the Board of Directors on 8 January 2025.
Dividend Details
- Dividend Amount: MWK5.0 billion [MK21.31 per share].
- Ex-Dividend Date: Shares will trade ex-dividend starting [5 February 2025].
- Payment Date: 14 February 2025
This decision highlights the bank’s commitment to maintaining shareholder value amidst a challenging economic landscape. With this announcement, Standard Bank continues to build on its reputation for consistent returns to investors as it expects a Profit after Tax(PAT) between MWK 78.8 billion to MWK 86.7 billion FY2024
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