6 days ago
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.
