Investec, the niche private bank and wealth manager, upped its final dividend on the back of a solid annual profit increase driven by client growth and higher interest rates.
The group, which reports results in pounds due to it being listed in London along with on the JSE, declared a final dividend of 19 pence per share for the year to end-March 2024, up from 17.5 pence the previous year. That took its total dividend for the 12-month period to 34.5 pence a share, higher than the 31 pence declared the previous year.South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.