By Phephile Motau
Swazi Empowerment Limited (SEL) has declared an interim dividend of E16.28 million.
This is according to the declared dividend announcement by SEL. SEL is an investment holding company engaged in financial intermediation. The company offers a range of products and services to private, commercial, and corporate companies that range from personal and business checking to savings plans, home banking, and lending options.
The personal and business division of SEL caters for checking, savings, mortgage loans, commercial banking services, trust, and investment, auto, home, and personal loans. SEL has a 19 per cent stake in the telecommunication entity, Eswatini MTN Limited.
It is a subsidiary of the Public Services Pensions Fund (PSPF) and is also listed on the Eswatini Stock Exchange. The PSPF has a majority stake in SEL, with a 78.3 per cent equity holding.
The dividend comprises 88 cents per share and has been declared to ordinary shareholders registered as such in the company’s share register at the close of business on or before March 7, 2023.
The organisation said payment of the dividend is expected to be no later than March 13, 2023. It was further stated that normal and withholding tax would be deducted from dividends paid to local shareholders and non-resident shareholders respectively where applicable.
SEL declares E16.28m dividend
