Chamwe Kaira
Old Mutual says Namibian shareholders will receive an interim dividend of 56 cents per share, with payment scheduled for 13 April 2026.
The dividend forms part of the company’s interim results announced on 17 March 2026.
Old Mutual said shareholders on the London, Malawi and Namibia registers will be paid in local currency equivalents, while those on the Zimbabwean registers will receive US dollar equivalents.
For Namibia, the dividend is set at 56 Namibian cents per share, based on an exchange rate of one Namibian dollar per rand.
The company said shareholders who are not exempt from dividend withholding tax will be subject to a 20% tax. This results in a net dividend of 44 cents per share for affected shareholders. International investors who do not qualify for relief under double taxation agreements will also be subject to the same tax rate.
Old Mutual said shareholders in other countries may qualify for reduced tax rates and advised those seeking relief to submit the required declaration forms through the relevant registrars.
The company said it had 4.64 billion ordinary shares in issue at the time of the dividend declaration.
Old Mutual also confirmed dividend equivalents for other markets, including 57 Malawian kwacha per share, 2.5 pence in the United Kingdom and 3.3 US cents in Zimbabwe.
The company offers insurance, savings, investment and lending services and operates in more than 10 countries across Africa and Asia.
In Namibia, Old Mutual has operated for over 100 years and employs more than 800 people across all regions.
