Boosted earnings and increased dividend distribution reported by MTN Ghana for the year 2024
MTN Ghana Announces Significant Dividend Increase for 2024
MTN Ghana, the leading mobile telecommunications company in Ghana, has announced a promising outlook for growth and investment in 2025, thanks to its robust financial strength. This optimistic forecast follows a series of impressive financial results in 2023 and 2024.
In 2023, MTN Ghana reported a profit after tax of GHC 3.98 billion, marking a 26.3% increase from the previous year. This growth trend continued in 2024, with the company announcing a record-breaking profit after tax of GHC 5.03 billion.
Stephen Blewett, the CEO of MTN Ghana, attributed the company's success to its strategic initiatives and commitment to operational efficiency, which have delivered strong results.
As a result of its strong performance, MTN Ghana has decided to allocate a significant portion of its profits towards dividend payouts. A total of 80.26% of the profit after tax will be allocated for this purpose, representing a 35.6% increase from the previous year's dividend payout.
The recommended final dividend for 2024 is GHC 0.24 per share, an increase from GHC 0.175 in 2023. This means that the total dividend payout by MTN Ghana has been raised to GHC 0.305 per share.
The ex-dividend date is set for April 2, 2025, with shareholders registered by April 4, 2025, qualifying for the final dividend, pending shareholder approval. The scheduled dividend payment date is April 16, 2025.
It is important to note that shareholder approval is required for the final dividend. However, with the impressive financial results and the significant increase in the dividend payout, shareholders are expected to benefit from a higher dividend.
Despite economic challenges, MTN Ghana's resilience is evident in its strong performance. However, specific information about which shareholders directly benefited from the high profits and increased dividend payouts in 2024 could not be obtained from the search results.
In conclusion, MTN Ghana's financial strength positions it well for further growth and investment in 2025. With a significant portion of its profits allocated for dividend payouts, shareholders can look forward to a higher dividend due to the company's strong performance.
Read also:
- Understanding Hemorrhagic Gastroenteritis: Key Facts
- Stopping Osteoporosis Treatment: Timeline Considerations
- Trump's Policies: Tariffs, AI, Surveillance, and Possible Martial Law
- Expanded Community Health Involvement by CK Birla Hospitals, Jaipur, Maintained Through Consistent Outreach Programs Across Rajasthan
