Nvest Financial Holdings Limited Reports Unaudited Consolidated Earnings Results for the Six Months Ended August 31, 2016; Declares Interim Dividend for the Six Months Ended August 31, 2016, Payable on Dec. 19, 2016
The Board of the company has declared an interim dividend of 5.3000 cents per share for the six months ended 31 August 2016, which amounts to 52.81% of headline earnings and a year-on-year growth in interim dividend of 17.78% (and a 10.42% growth in dividend over the 6 month period). The dividend is declared out of income reserves of the Group. The dividend will be subject to a dividend withholding tax rate of 15% or 0.7950 cents per ordinary share. Shareholders, unless exempt or qualifying for a reduced withholding tax rate, will receive a net dividend of 4.5050 cents per share. Record date is December 15, 2016 and payment date is December 19, 2016. Ex-date is December 13, 2016.