Garth Theunissen
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Nedbank’s share cost raised on Tuesday after it raised its last dividend on the back of strong incomes development despite the fact that credit disabilities increased.
Gallo Images/Financial Mail/Russell Roberts
Nedbank’s share rate raised more than 4% at one point on Tuesday after it raised its last dividend nearly a 5th on the back of strong revenues development.
The bank reported an 11% increase in heading profits to R15.7 billion in the year to end-December, underpinned by robust profits development and sensible cost management.
With the group’s return on equity (ROE) increasing a portion indicate 15.1% for the year, the group upped its last dividend by 18% to R10.22 per share, taking the overall to R18.93.
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Industrial 25
100,529
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Financial 15
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