Tiger Brands Plans Special Dividend, Lifts Payout on Profit Gain
Tiger Brands Ltd., South Africa's biggest listed food producer, lifted its interim dividend and said it would also pay a special dividend after profit climbed 34%.
The Johannesburg-based maker of Albany bread and Jungle Oats plans an interim dividend of 4.14 rand a share for the six months through March and a special payout of 1.8 billion rand ($100 million), or 12.16 a share, it said in a statement Wednesday. Tiger Brands has also bought back 1.2 billion rand of shares since late February.
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