Credit Corporation declares dividend for 2018 fiscal year

CREDIT Corporation on Tuesday declared a final dividend for the 2018 fiscal year on ordinary shares at 13 toea per share sighting a 27 per cent increase in total dividends from the 2017 financial year which was declared at 11 toea.
Credit Corp shareholders are expected to see a growth in their 2017 investments which were valued at 11 toea per share at the end of the 2017 fiscal year to a current value of 15 toea per share as of the end of the 2018 fiscal year.
Credit Corporation chairman Syd Yates, pictured, recognised the increase as a result of improved profits from the group’s divisions.
“FY18 (2018 Fiscal Year) was a historic year for Credit Corporation as we celebrated the group’s 40th anniversary,” Yates said.
“At the same time we are delighted to continue our proud uninterrupted track record of rewarding our shareholders, with a dividend every year for the past 40 years.
“The increase in dividend is attributed to improved profitability of the group, despite the challenges of the economic environment in the countries where we operated.
“We were able to stay focused on delivering a strong financial outcome from our three divisions – finance, property and investment.
“We are committed to maintaining this focus, and to continue to deliver strong results and increased value for our shareholders,” Yates said.
The planned processing dates for the 2018 final dividend are: Ex-date: Fri, June 21; Record date: Mon, July 1; Payout date: Fri, Aug 23.