Financial Metrics


Dividend Policy

The JSE has adjusted its dividend policy to reflect a more appropriate balance between cash returns to shareholders and reinvestment into the business. As such, we have updated the annual dividend policy from a progressive approach to a pay-out ratio (67% – 100% of earnings). The Board is confident that the updated dividend policy is congruent with the Group’s growth strategy over the medium term.

This trend is expected to continue for the next few years.

Dividend Declared
Year Dividend (Cents)  
2009 192  
2010 210  
2011 250  
2012 250  
2013 400 (350 plus 50 special dividends)
2014 480 (400 plus 80 special dividends)
2015 625 (520 plus 105 special dividends)
2016 560  
2017 605  
2018 840 (655 plus 185 special dividends)
2019 840 (690 plus 150 special dividends)
2020 725 No Special dividend declared
2021 854 (754 plus 100 special dividends)
2022 769 No Special dividend declared

Analyst Coverage

Firm Analyst Email
Avior  Sabena Omar  [email protected]

JSE Limited is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding JSE Limited's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of JSE Limited or its management. JSE Limited does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.