The Board of Directors of CRDB Bank Plc is delighted to announce that subject to obtaining approval from the Annual General Meeting of shareholders to be held on 10th May, 2014, recommend declaration of dividend of TZS 14 per issued and fully paid up shares in line with the Bank’s Dividend Policy.
Total dividend of TZS 30.4 billion will be paid out, higher than TZS 26.1 billion paid in year 2012 with percentage increase of 17% that makes Earnings per share 39.00, Price earnings ratio TZS 7 and Dividend yield of 5%.
Pursuant to the dividend payment declaration, the timetable for dividend payment shall be as already
approved by DSE as follows:
Announcement of Dividend Payment: 2nd April, 2014
Trading of Shares cum Dividend: 2nd April, 2014
Trading of Shares Ex-Dividend: 25th April, 2014
Closure of the Members Register: 29th April, 2014
Re-Opening of the Register: 3rd May, 2014
Dividend Payment on/or about: 16th May, 2014
Dividend will be paid directly to shareholders bank accounts; through M-Pesa, Airtel Money and Tigo Pesa for those who have issued instructions; and through dividend cheques issued and payable at CRDB Bank Plc branches. Tanzania Posts Corporation will make the payment through Post Giro Services in areas where there is no branch of CRDB Bank.
J. B. Rugambo