AfroCentric Investment Corporation Limited, an investment holding company, provides health administration and health risk management solutions to the healthcare sector. The company operates through Healthcare SA, Healthcare Retail, Healthcare Africa, and Information Technology segments. It offers documentation based care equipment and administration services to 12 musculoskeletal treatment centers; and engages in the retail and wholesale of pharmaceutical products under the Pharmacy Direct, MMed, Scriptpharm Risk Management, Curasana Wholesaler, and Activo Health names. The company also provides HIV and other healthcare management solutions. It operates in South Africa, Botswana, Mauritius, Namibia, Eswatini, and Zimbabwe. AfroCentric Investment Corporation Limited was incorporated in 2008 and is based in Roodepoort, South Africa.
AfroCentric Investment Dividend Announcement
• AfroCentric Investment announced a semi annually dividend of R11.00 per ordinary share which will be made payable on 2024-05-13. Ex dividend date: 2024-05-08
• AfroCentric Investment annual dividend for 2024 was R11.00
• AfroCentric Investment's trailing twelve-month (TTM) dividend yield is 5.0%
• AfroCentric Investment's payout ratio for the trailing twelve months (TTM) is 89.14%
AfroCentric Investment Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-05-08 | R11.00 | semi annually | 2024-05-13 |
2022-11-09 | R17.00 | semi annually | 2022-11-14 |
2022-05-11 | R17.00 | semi annually | 2022-05-16 |
2021-11-10 | R17.00 | semi annually | 2021-11-15 |
2021-05-12 | R17.00 | semi annually | 2021-05-17 |
2020-11-11 | R17.00 | semi annually | 2020-11-16 |
2020-05-06 | R17.00 | semi annually | 2020-05-11 |
2019-10-30 | R17.00 | semi annually | 2019-11-04 |
2019-05-07 | R17.00 | semi annually | 2019-05-13 |
2018-11-07 | R16.00 | semi annually | 2018-11-12 |
2018-05-09 | R16.00 | semi annually | 2018-05-14 |
2017-11-08 | R14.00 | semi annually | 2017-11-13 |
2017-05-10 | R14.00 | semi annually | 2017-05-15 |
2016-11-09 | R12.00 | semi annually | |
2016-05-09 | R12.00 | semi annually | |
2015-10-19 | R10.00 | semi annually | |
2015-05-11 | R10.00 | semi annually | |
2014-11-24 | R18.00 | semi annually | |
2014-02-10 | R15.00 | semi annually | |
2012-12-10 | R10.50 | semi annually | |
2011-11-21 | R9.00 | semi annually | |
2011-01-10 | R7.50 | semi annually |
AfroCentric Investment Dividend per year
AfroCentric Investment Dividend growth
AfroCentric Investment Dividend Yield
AfroCentric Investment current trailing twelve-month (TTM) dividend yield is 5.0%. Interested in purchasing AfroCentric Investment stock? Use our calculator to estimate your expected dividend yield:
AfroCentric Investment Financial Ratios
AfroCentric Investment Dividend FAQ
Other factors to consider when evaluating AfroCentric Investment as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: AfroCentric Investment's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, AfroCentric Investment publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, AfroCentric Investment distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from AfroCentric Investment are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: AfroCentric Investment sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, AfroCentric Investment distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: AfroCentric Investment declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of AfroCentric Investment's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review AfroCentric Investment's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.